The following financial information is available for Sunland Ltd. as at December 31 (in thousands, except for per share amounts): Profit Preferred share dividends (total) Weighted average number of common shares Dividends per common share Market price per common share (a) Earnings per share Price- earnings ratio Payout ratio 2021 2021 $2,097 times $73 532 Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years. (Round earnings per share and payout ratio answers to 2 decimal places, eg, 52.76. Round price-earnings ratio answers to 1 decimal place, eg. 52.7.) $2.50 $43.00 2020 $2.259 $43 530 $2.25 $49.75 2020 2019 $2,823 $30 531 $2.10 $56.25 times 2019 time
The following financial information is available for Sunland Ltd. as at December 31 (in thousands, except for per share amounts): Profit Preferred share dividends (total) Weighted average number of common shares Dividends per common share Market price per common share (a) Earnings per share Price- earnings ratio Payout ratio 2021 2021 $2,097 times $73 532 Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years. (Round earnings per share and payout ratio answers to 2 decimal places, eg, 52.76. Round price-earnings ratio answers to 1 decimal place, eg. 52.7.) $2.50 $43.00 2020 $2.259 $43 530 $2.25 $49.75 2020 2019 $2,823 $30 531 $2.10 $56.25 times 2019 time
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format
Transcribed Image Text:The following financial information is available for Sunland Ltd. as at December 31 (in thousands, except for per share amounts):
Profit
Preferred share dividends (total)
Weighted average number of common shares
Dividends per common share
Market price per common share
(a)
Earnings
per
share
Price-
earnings
ratio
Payout
ratio
2021
2021
$2,097
$73
532
Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years.
(Round earnings per share and payout ratio answers to 2 decimal places, eg. 52.76. Round price-earnings ratio answers to 1 decimal place,
eg. 52.7.)
times
$2.50
$43.00
2020
2020
$2.259
$43
530
$2.25
$49.75
$
2019
$2,823
$30
531
$2.10
$56.25
times
2019
time
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education