The following financial information is available for Longmire Lumber Ltd. as at December 31 (in thousands, except

Question:

The following financial information is available for Longmire Lumber Ltd. as at December 31 (in thousands, except for per share amounts):

Instructions
(a) Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years.
(b) Using the information in part (a), comment on Longmire's earnings performance and dividend record.

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Accounting Principles

ISBN: 978-1119048473

7th Canadian Edition Volume 2

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: May 17, 2017 09:05 AM

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The following financial information is available for Longmire Lumber Ltd. as at December 31 (in thousands, except

Question:

Profit Preferred share dividends (total) Weighted average number of common shares Dividends per common share Market price per common share 2017 $1,978 S73 502 $2.50 $43.00 2016 $2,131 $43 500 $2.25 $49.75 2015 $2,663 S30 501 $2.10 $56.25

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a 2017 2016 2015 Earnings per share 379 418 526 Priceearnings ratio 113 X 119 X 107 X Payout ratio 6...View the full answer

Accounting Principles

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