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The following financial information (in millions except for per share amounts) is for two major corporations for the three fiscal years ended December 31 as

The following financial information (in millions except for per share amounts) is for two major corporations for the three fiscal years ended December 31 as follows:

Canadian Pacific Railway Limited 2017 2016 2015
Weighted average number of common shares 145.9 149.6 159.7
Profit $2,405 $1,599 $1,352
Dividends $319 $274 $221
Market price per share (December 31) $229.66 $191.56 $176.73

Canadian National Railway Company 2017 2016 2015
Weighted average number of common shares 753.6 776.0 800.7
Profit $5,484 $3,640 $3,538
Dividends $1,239 $1,159 $996
Market price per share (December 31) $103.65 $90.36 $77.35

Neither company has preferred shares issued. (a1) Calculate earnings per share and the price-earnings and dividend payout ratios for each company for 2017, 2016, and 2015. (Round earnings per share and price-earnings ratio answers to 2 decimal places, e.g. 52.76. Round payout ratio answers to 3 decimal places, e.g. 5.276.)

Canadian Pacific Railway Limited
Ratio 2017 2016 2015
1. Earnings per share $ $ $
2. Price-earnings ratio times times times
3. Payout ratio

Canadian National Railway Company
Ratio 2017 2016 2015
1. Earnings per share $ $ $
2. Price-earnings ratio times times times
3. Payout ratio

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