Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The income statement for Shoppers Drug Mart Corp. is presented in the link below. The company had 200 million common shares outstanding at the end
The income statement for Shoppers Drug Mart Corp. is presented in the link below. The company had 200 million common shares outstanding at the end of the year and the market price of the stock is $58.19. Shoppers Drug Mart retains 63% of earnings. Shoppers.docx (show your calculations) 1. Earnings per share (EPS) 2. Dividends per share 3. P/E ratio 4. What rate of return do investors expect, assuming that the expected growth rate of earnings is 5%? 5. What was Shopper's market capitalization in 2013? Shoppers Drug Mart Corporation Consolidated Statements of Earnings For the 52 weeks ended December 28, 2013 and December 29, 2012 (in thousands of Canadian dollars, except per share amounts) Sales Cost of goods sold Gross profit Note 2013 9 $ 11,057,659 10 (6,793,334) 4,264,325 11, 12, 13 (3,401,293) 863,032 Operating and administrative expenses Operating income Finance expenses Earnings before income taxes 14 (52,985) 810,047 15 Income taxes Current Deferred (219,127) 10,765 (208,362) 601,685 Net earnings $
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