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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 11 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 11
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:

At 30 April 20X9 the ordinary shares are trading at $4.75.

What is the price earnings (P/E) ratio for RST at 30 April 20X9?

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Suggested Answer: A

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