The following selected information (in millions, except for per share information) is available for The Bank of Nova Scotia for the year ended October 31:

Instructions
(a) Calculate the following ratios for the common shareholders for each fiscal year:
1. Payout ratio
2. Dividend yield
3. Earnings per share
4. Price-earnings ratio
5. Return on common shareholders' equity
(b) Comment on the above ratios for 2010 in comparison with the prior year and in comparison with the industry.

Transcribed Image Text:

2010 Weighted average number of common shares Profit available for common shareholders Common cash dividends per share Total common cash dividends Average common shareholders' equity Market price per common share Industry averages were as follows: 1,032 $4,038 1.96 2,023 22,359 1,013 $3,361 1.96 1,990 19,922 45.25 5 11 .8% 3.8% n/a 12.0 times 4.9% n/a 12.8 times 12.0% Price-earnings ratio Return on common shareholders' equity