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: Basic

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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