Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following financial information is available for Pharoah Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $2,057
The following financial information is available for Pharoah Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $2,057 $2,216 $2,770 $73 $43 $30 522 520 521 Preferred share dividends (total) Weighted average number of common shares Dividends per common share Market price per common share $2.50 $2.25 $2.10 $43.00 $49.75 $56.25 (a) Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years. (Round earnings per share and payout ratio answers to 2 decimal places, eg. 52.76. Round price-earnings ratio answers to 1 decimal place, eg. 52.7.) 2021 2020 2019 Earnings per share $ GA GA Price- earnings ratio times times times Payout ratio
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