Ostuni Limited is a Niagara-on-the-Lake, Ontario-based winery producing blended, premium, and ultrapremium wines, which are sold globally. The company has a strong distribution network in Canada through independent retail locations. The following information has been extracted from the company's annual report. 2018 Market price per share Earnings per share Dividends per share Net income in thousands) Shareholders' equity (in thousands) 2020 $11.10 $0.68 $0.171 $21,316 $176,145 2019 $7.51 $0.49 $0.160 $15,651 $156,715 $4.89 $0.36 $0.148 $12,248 $147,928 (a) Calculate Ostuni's price/earnings ratio from 2018 through 2020. (Round answers to 1 decimal place, e.g. 15.2.) 2020 2019 2018 Price/earnings ratio Comment on whether the ratio's trend over this period reflects a company with higher growth potential or one that has achieved maturity. The trend reflects that the company has (b) Calculate Ostuni's dividend payout ratio and dividend yield for 2018 through 2020. (Round answers to 1 decimal place, e.g. 15.2%.) 2020 2019 2018 Dividend payout ratio % % Dividend yield % % % What do the results of these ratios tell us about Ostuni Ltd.? The company is paying out a percentage of their earnings as dividends. (c). Calculate Ostuni's return on equity ratio for 2019 and 2020. Note that Ostuni's articles of incorporation authorize only common shares. 2020 2019 Return on equity ratio % Comment on how effectively Ostuni's management has been able to use the equity of its shareholders to generate returns. The company is using its equity to generate returns efficiently in 2020 than in 2019