Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios

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Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios to determine whether the common shares increased or decreased in attractiveness during the past year.

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Financial Accounting

ISBN: 978-0134564142

6th Canadian edition

Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin

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Question Posted: Mar 28, 2017 11:44 AM

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Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios

Question:

2017 2016 12,000 96,000 20,000 25,000 Total shareholders' equity at year-end (includes 80,000 common shares) Preferred shares, $8; 1,000 shares issued... Market price per common share at year-end.. 500,000 100,000 $22.50 16.75 580,000 100,000

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a 2017 2016 Price earrings ratio 800 1000 8000 b Dividend yield c Carrying amou...View the full answer

Financial Accounting

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