Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Ivanhoe Inc reported the following selected information for the past three years (in millions, except for per share amounts): 2020 $3.100 2,400 $760 2019 $2.500
Ivanhoe Inc reported the following selected information for the past three years (in millions, except for per share amounts): 2020 $3.100 2,400 $760 2019 $2.500 1.800 $560 Net sales Average shareholders' equity Profit from continuing operations Loss on disposal of discontinued operations Loss from discontinued operations Profit Weighted average number of common shares Market price per share 2021 $3,800 3,400 $1,140 330 100 $710 300 $47.00 70 $690 290 $30.80 60 $500 280 $46.49 (a) Calculate Ivanhoe's return on equity, earnings per share, and price-earnings ratios before and after discontinued operations for 2021 2020 and 2019. (Round answers to 2 decimal places, eg. 52.76 or 52.76%.) Before Discontinued Operations 2020 Ratio 2021 2019 1. Return on equity 96 96 %6 2. Earnings per share $ S $ 3.Price-earnings ratio times times times After Discontinued Operations 2020 Ratio 2021 2019 1. Return on equity 96 96 96 2. Earnings per share $ $ S 3. Price-earnings ratio times times times
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started