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Ivanhoe Inc. reported the following selected information for the past three years (in millions, except for per share amounts): Net sales Average shareholders' equity Profit from continuing operations Loss on disposal of discontinued operations Loss from discontinued operations Profit Weighted average number of common shares Market price per share 2021 2020 $3,800 $3,100 3,400 2,400 1,800 $1,140 $760 $560 330 100 70 $710 $690 300 290 $47.00 $30.80 2019 $2,500 60 $500 280 $46.49

Ivanhoe Inc. reported the following selected information for the past three years (in millions, except for per share amounts): Net sales Average shareholders' equity Profit from continuing operations Loss on disposal of discontinued operations Loss from discontinued operations Profit Weighted average number of common shares Market price per share 2021 2020 $3,800 $3,100 3,400 2,400 1,800 $1,140 $760 $560 330 100 70 $710 $690 300 290 $47.00 $30.80 2019 $2,500 60 $500 280 $46.49

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ivanhoe Inc. reported the following selected information for the past three years (in millions, except for per share amounts): Net sales Average shareholders' equity Profit from continuing operations Loss on disposal of discontinued operations Loss from discontinued operations Profit Weighted average number of common shares Market price per share 2021 $3,800 3,400 $1,140 330 100 $710 300 $47.00 2020 2019 $3,100 $2,500 2,400 $760 70 $690 290 $30.80 1,800 $560 60 $500 280 $46.49
Transcribed Image Text:Ivanhoe Inc. reported the following selected information for the past three years (in millions, except for per share amounts): Net sales Average shareholders' equity Profit from continuing operations Loss on disposal of discontinued operations Loss from discontinued operations Profit Weighted average number of common shares Market price per share 2021 $3,800 3,400 $1,140 330 100 $710 300 $47.00 2020 2019 $3,100 $2,500 2,400 $760 70 $690 290 $30.80 1,800 $560 60 $500 280 $46.49
(a) Calculate Ivanhoe's return on equity, earnings per share, and price-earnings ratios before and after discontinued operations for 2021, 2020, and 2019. (Round answers to 2 decimal places, e.g. 52.76 or 52.76%) Before Discontinued Operations 2020 Ratio 1. Return on equity 2. Earnings per share $ 3. Price-earnings ratio Ratio 1. Return on equity 2. Earnings per share 3. Price-earnings ratio $ 2021 2021 % times After Discontinued Operations 2020 % $ times $ % times % times $ $ 2019 2019 % times % times
Transcribed Image Text:(a) Calculate Ivanhoe's return on equity, earnings per share, and price-earnings ratios before and after discontinued operations for 2021, 2020, and 2019. (Round answers to 2 decimal places, e.g. 52.76 or 52.76%) Before Discontinued Operations 2020 Ratio 1. Return on equity 2. Earnings per share $ 3. Price-earnings ratio Ratio 1. Return on equity 2. Earnings per share 3. Price-earnings ratio $ 2021 2021 % times After Discontinued Operations 2020 % $ times $ % times % times $ $ 2019 2019 % times % times
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