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Smith reported the following for 2006. Beginning market price $20.00 Average market price 24.00 Ending market price 26.00 Earnings per share: Basic 1.80 Diluted 1.60

Smith reported the following for 2006.

Beginning market price $20.00

Average market price 24.00

Ending market price 26.00

Earnings per share:

Basic 1.80

Diluted 1.60

Cash dividends per share 1.00

The price earnings ratio and dividends payout were?

The price earnings ratio and dividend payout were: (Points : 20)

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