[ISC] Q. 98 Ratio Analysis TS Grewal Solution Class 12 (2023-24)

Solution of Question number 98 of the Ratio Analysis of TS Grewal Book 2023-24 session ISC Board?

Ekta Ltd. has Share Capital:

	₹
9% Preference Shares of ₹ 10 each	3,00,000
Equity Shares of ₹ 10 each	8,00,000
	11,00,000

The accountant has ascertained the following:

(a) Profit after Tax at 60% ₹ 2,70,000.

(b) Depreciation ₹ 60,000.

(c) Equity Dividend Paid at 20%

(d) Market Price of equity shares ₹ 40 each.

You are required to calculate: (I) Earning per share (EPS), and (ii) Price-Earning (P/E) Ratio.

Solution:-

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