The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $2,077 $2,238 $2,796 Preferred share dividends (total) $73 $43 $30 Weighted average number of common shares 527 525 526 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
The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, except for per share amounts): 2021 2020 2019 Profit $2,077 $2,238 $2,796 Preferred share dividends (total) $73 $43 $30 Weighted average number of common shares 527 525 526 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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The following financial information is available for Sheridan Ltd. as at December 31 (in thousands, except for per share amounts):
2021 |
2020 |
2019 |
||||
---|---|---|---|---|---|---|
Profit
|
$2,077 | $2,238 | $2,796 | |||
|
$73 | $43 | $30 | |||
Weighted average number of common shares
|
527 | 525 | 526 | |||
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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