The following financial information (in millions except for corporations for the two fiscal years ended December 31
Question:
Suncor does not have preferred shares issued. Husky issued preferred shares in 2011.
Instructions
(a) Calculate earnings per share and the price-earnings and dividend payout ratios for each company for 2014 and 2013. Comment on whether their ratios have improved or deteriorated.
(b) Compare Husky's ratios with Suncor's.
TAKING IT FURTHER
Why is the presentation of fully diluted earnings per share required under IFRS, given that it is a hypothetical number?
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Step by Step Answer:
Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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