The following information is available for Leon's Furniture Limited for the years ended December 31 (in thousands,
Question:
The following information is available for Leon's Furniture Limited for the years ended December 31 (in thousands, except for share price):
_____________________________________________2012...............2011
Profit available to common shareholders...............$46,782............$56,666
Weighted average number of common shares............70,033..............69,969
Share price.....................................................$12.99..............$12.40
(a) Calculate the earnings per share and the price-earnings ratio for each year.
(b) Indicate whether profitability improved or deteriorated in 2012.
Step by Step Answer:
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine