Question: . Smith reported the following for 2012. (4 pts.) 2012 Beginning market price $20.00 Average market price 26 Ending market price 24 Earnings per share:

. Smith reported the following for 2012. (4 pts.) 2012 Beginning market price $20.00 Average market price 26 Ending market price 24 Earnings per share: Basic 1.81 Diluted 1.69 Cash dividends per share 1.00 1. Calculate the price earnings ratio (2 pts) 2. Calculate the dividend payout ratio (2 pts)

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