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.
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.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...
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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 | |||
|
|
$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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