Abney Ltd. is a public company. You are provided with the following information for the years ended December 31, 2015€“2017. Amounts are in thousands of dollars, except for per share amounts:

Required:
a. Calculate Abney's dividend payout ratio, dividend yield, basic earnings per share, and return on equity for 2015 through 2017. Assume that shareholders' equity on December 31, 2014 was $9,785,000.
b. Interpret the amounts you calculated in part(a).

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2017 2015 Common dividends declared Cash dividends declared per common share Net income Common shareholders' equity Market price per share on December 31 Weighted average number of shares outstanding $1,109,000 1.61 1,227,000 15,503,000 37.99 S833,000 1.46 1,440,000 15,220,00012,898,000 33.17 S1,015,000 1.56 1,374,000 36.19 689,326 651,185 569,170