Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following selected information is provided for Friendly Bank of Canada for the fiscal years ended December 31. (All figures in thousands except dividends per

image text in transcribed

The following selected information is provided for Friendly Bank of Canada for the fiscal years ended December 31. (All figures in thousands except dividends per common share and price per common share). Total dividends paid to common shareholders Dividends per common share Total dividends paid to preferred shareholders Profit loss) Weighted average number of common shares Common shareholders' equity Price per common share 2021 $1,052 $3.11 $196 $3,296 348 $11,228 $102.00 2020 $934 $2.76 $174 $2,646 357 $10,034 $87.60 2019 $902 $2.66 $177 $(32) 339 $8,388 $72.20 Calculate the following ratios for 2021 and 2020. (Round answers to 2 decimal places, e.g. 52.76 or 52.76%.) 2021 2020 Payout ratio % % Earnings per share $ $ $ Return on common shareholders' equity % % Price earnings ratio : 1 :1 Taking the perspective of a shareholder of Friendly Bank of Canada, determine from the results obtained in part (a) if 1) The dividend payout ratio from 2020 to 2021. 2) The earnings per share ratio from 2020 to 2021. 3) The return on common shareholders' equity from 2020 to 2021. 4) The price-earnings ratio from 2020 to 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions

Question

Describe the importance of employer branding.

Answered: 1 week ago

Question

Explain corporate sustainability.

Answered: 1 week ago