Question

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(Hons.)
55. Following is the extract from the balance sheet of QBS Ltd. as on 31st March, 2019:
Equity shares of 10 each
25,00,000
10% preference shares of 10 each
8,00,000
11% debentures
10,00,000
Reserves and surplus
7,00,000
Additional information:
Profit for the year ended 31st March, 2019 (before interest and taxes) amounted to 14,00,000. The
applicable tax rate is 40%.
Calculate the value of each equity share based on a price earning ratio of 8.
Thamanital otructure of HI is as follows​

Answer 1

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