Question
The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $2,077
The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, except for per share amounts):
2021 | 2020 | 2019 | ||||
---|---|---|---|---|---|---|
Profit | $2,077 | $2,238 | $2,796 | |||
Preferred share dividends (total) | $73 | $43 | $30 | |||
Weighted average number of common shares | 527 | 525 | 526 | |||
Dividends per common share | $2.50 | $2.25 | $2.10 | |||
Market price per common share | $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.
2021 | 2020 | 2019 | |||||||
---|---|---|---|---|---|---|---|---|---|
Earnings per share (Round answer to 2 decimal places, e.g. 5.25.) | $enter Earnings per share in dollars rounded to 2 decimal places | $enter Earnings per share in dollars rounded to 2 decimal places | $enter Earnings per share in dollars rounded to 2 decimal places | ||||||
Price-earnings ratio (Round answer to 1 decimal place, e.g. 15.5.) | enter Price-earnings ratio in times rounded to 1 decimal place | times | enter Price-earnings ratio in times rounded to 1 decimal place | times | enter Price-earnings ratio in times rounded to 1 decimal place | times | |||
Payout ratio (Round answer to 3 decimal places, e.g. 0.255.) | enter Payout ratio rounded to 2 decimal places | enter Payout ratio rounded to 2 decimal places | enter Payout ratio rounded to 2 decimal places |
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