Using the consolidated statement of earnings for Cineplex Inc to
Using the consolidated statement of earnings for Cineplex Inc. to the financial statements in Exhibit 11-11, calculate the ratios below. The market price of Cineplex’s shares on December 31, 2013, was $44.06.
Required:
a. Calculate Cineplex’s price/earnings ratio.
b. Calculate the dividend payout ratio for 2013.
c. Calculate the return on common shareholders’ equity for 2012 and 2013 and comment on your findings. (Total shareholders’ equity was $748,272 thousand at December 31, 2103; $747,314 thousand at December 31, 2012; and $621,609 at December 31, 2011.)
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help