The following information is to be used for questions 199 and 200: Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000. 199 What is the Price Earnings (P/E) ratio of Rogers for the year ended 30 June 20X6? _____________ times
The following information is to be used for questions 199 and 200: Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000. 199 What is the Price Earnings (P/E) ratio of Rogers for the year ended 30 June 20X6? _____________ times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is to be used for questions 199 and 200: Rogers has just completed their financial statements for the year ended 30 June 20X6. They are reporting a net profit of $1,250,000 for the current year, and they have $1 million 50 cent shares in issue. The current market price of Rogers' shares is $3.50. Rogers has paid total dividends during the year ended 30 June 20X6 of $1,500,000. 199 What is the Price Earnings (P/E) ratio of Rogers for the year ended 30 June 20X6? _____________ times
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