The following financial information (in millions except for market price per share) is for two major corporations for the three fiscal years ended December 31 as follows:

Suncor does not have preferred shares issued. Husky issued preferred shares in 2011.
Instructions
(a) Calculate earnings per share and the price-earnings and dividend payout ratios for each company for 2011 and 2010. Comment on whether their ratios have improved or deteriorated.
(b) Compare Husky's ratios with Suncor's.
Taking It Further
Why is the presentation of fully diluted earnings per share required under IFRS, given that it is a hypothetical number?

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Husky Energy Inc. Weighted average number of common shares Profit Dividends-Common shareholders Dividends-Preferred shareholders Market price per share (December 31) 2011 923.8 $2,224 $1,109 2010 852.7 $947 $1,020 $10 $24.55 SO Suncor Energy Inc. Weighted average number of common shares Profit Dividend-Common shareholders Market price per share (December 31) 2011 1,571 $4,304 $664 $29.38 $26.55 2010 1,562 $3,829 $611 $38.28