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Ivanhoe Inc. had net income for 2024 of $1,820,000. The company had 780,000 of common shares outstanding throughout the year. During 2024, Ivanhoe paid
Ivanhoe Inc. had net income for 2024 of $1,820,000. The company had 780,000 of common shares outstanding throughout the year. During 2024, Ivanhoe paid $0.05 dividends per common shares. The average common shareholder equity was $9,126,000, and the market value of the shares on December 31, 2023 was $8 per share. Ivanhoe Inc. also had 251,000 shares outstanding of cumulative, $3, no-par value preferred shares. The shares were outstanding for the full year, and dividends had been paid in all previous years. Calculate the following ratios for Ivanhoe Inc.: (Round answers to 2 decimal places, e.g. 25.15 or 25.15%.) (a) Rate of return on common shareholders' equity (b) Payout ratio (c) (d) Price earnings ratio Book value per share % % times per share
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