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Total assets Net sales Gross profit Net income Number of preference shares outstanding Number of...

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Accounting

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Total assets Net sales Gross profit Net income Number of preference shares outstanding Number of ordinary shares outstanding Market price per ordinary share $800,000 $720,000 $352,000 $150,000 30,000 50,000 $64.50 Given this information, what was Ignite Company Ltd's price earnings ratio for the year? Select one: O a. 3.0 times b.21.5 times 12 c. 36 times O d. 4.5 times

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