The following financial information is available for Blossom Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019Profit $1,721 $1,854 $2,317Preferred share dividends (total) $73 $43 $30Weighted average number of common shares 437 435 436Dividends per common share $2.50 $2.25 $2.10Market price per common share $43.00 $49.75 $56.25(a)Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years. 2021 2020 2019Earnings per share (Round answer to 2 decimal places, e.g. 5.25.) $enter Earnings per share in dollars rounded to 2 decimal places $enter Earnings per share in dollars rounded to 2 decimal places $enter Earnings per share in dollars rounded to 2 decimal places Price-earnings ratio (Round answer to 1 decimal place, e.g. 15.5.) enter Price-earnings ratio in times rounded to 1 decimal place times enter Price-earnings ratio in times rounded to 1 decimal place times enter Price-earnings ratio in times rounded to 1 decimal place timesPayout ratio (Round answer to 3 decimal places, e.g. 0.255.) enter Payout ratio rounded to 2 decimal places enter Payout ratio rounded to 2 decimal places enter Payout ratio rounded to 2 decimal places

Name: The following financial information is available for Blossom Ltd. as a
Uploaded: 2022-11-22T13:58:24.000Z
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Description: The following financial information is available for Blossom Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019Profit $1,721 $1,854 $2,317Preferred share dividends (total) $73 $43 $30Weighted average number of common

EPS = Net income / Number of shares outstanding Price earning ratio = Market price per share / EPS…

Answered: The following financial information is…

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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The following financial information is available for Blossom Ltd. as at December 31 (in thousands, except for per share amounts):

	2021	2020	2019
Profit	$1,721	$1,854	$2,317
Preferred share dividends (total)	$73	$43	$30
Weighted average number of common shares	437	435	436
Dividends per common share	$2.50	$2.25	$2.10
Market price per common share	$43.00	$49.75	$56.25

(a)

Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years.

	2021		2020		2019
Earnings per share (Round answer to 2 decimal places, e.g. 5.25.)	$enter Earnings per share in dollars rounded to 2 decimal places			$enter Earnings per share in dollars rounded to 2 decimal places		$enter Earnings per share in dollars rounded to 2 decimal places
Price-earnings ratio (Round answer to 1 decimal place, e.g. 15.5.)	enter Price-earnings ratio in times rounded to 1 decimal place	times		enter Price-earnings ratio in times rounded to 1 decimal place	times	enter Price-earnings ratio in times rounded to 1 decimal place	times
Payout ratio (Round answer to 3 decimal places, e.g. 0.255.)	enter Payout ratio rounded to 2 decimal places			enter Payout ratio rounded to 2 decimal places		enter Payout ratio rounded to 2 decimal places

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