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B 2 12 8 9 10 11 1 Question: Financial Ratios (10 marks) 2 3 Below is the financial data for Eric's Electric Energy Inc. for the year ended December 31, 2020: Market price per share 150 Net Income 1,750,000 75,000 Preferred Dividends declared Average # of common shares Dividends per share 100,000 2.50 Average common shareholders' equity 10,000,000 Total assets 22,500,000 Total Liabilities 11,675,000 Accumulated Other Comprehensive Income 185,000 4 5 6 7 13 14 Instructions 15 Calculate the following amounts: 16 a) Price/earnings ratio. 3 Marks 7 b) Dividend payout ratio 2 Marks c) Dividend yield 2 Marks d) Return on shareholders' equity e) Explain what contingent liabilities are and should they be recorded in the Financial Statements. Explain your response. (