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Smith reported the following for 2012. (4 pts.) 2012 Beginning market price $20.00 Average market price 26 Ending market price 24 Earnings per share: Basic
Smith reported the following for 2012. (4 pts.)
|
| 2012 |
| Beginning market price | $20.00 |
| Average market price | 26 |
| Ending market price | 24 |
| Earnings per share: |
|
| Basic | 1.81 |
| Diluted | 1.69 |
| Cash dividends per share | 1.00 |
1. Calculate the price earnings ratio (2 pts) 2. Calculate the dividend payout ratio (2 pts)
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