Question
Use the following information to answer questions 53-55. During 2018, Amazing Corp. reported after-tax net income of $900,000 and paid $175,000 in common dividends. The
Use the following information to answer questions 53-55.
During 2018, Amazing Corp. reported after-tax net income of $900,000 and paid $175,000 in common dividends. The weighted average number of common shares issued in 2018 was 200,000. There are no preferred shares issued. At year end, Amazing's common shares are selling for $81 per share on the Toronto Stock Exchange.
Amazing's basic earnings per share for 2018 is
Question 53 options:
| $22.22. |
| $3.63. |
| $4.50. |
| $5.14.
|
Amazing's price-earnings ratio is
Question 54 options:
| 180 times. |
| 12 times. |
| 18 times. |
| 6 times. |
Amazing's payout ratio for 2018 is
Question 55 options:
| $1.00. |
| 5.6%. |
| 22.2%. |
| 19.4%. |
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