Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios

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Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios to determine whether the common shares increased or decreased in attractiveness during the past year.

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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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Question Posted: Oct 13, 2016 09:41 AM

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Evaluate the common shares of Phillips Distributing Limited as an investment. Specifically, use the three share ratios

Question:

2014 2013 $112,000 96,000 20,000 Het itk n share dividends 25,000 Total shareholders' equity at year-end (includes 80,000 common shares) 500,000 100,000 Market price per common share at year-end....22.50 16.75 5 80,000 100,000

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2014 2013 a Priceearnings ratio 2250 173 1675 152 112000 8000 80000 96000 8000 80000 800 1000 8000 ...View the full answer

Financial Accounting

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