The following information is available for Cameco Corporation for the year ended December 31 (in thousands, except

Question:

The following information is available for Cameco Corporation for the year ended December 31 (in thousands, except share price):

________________________________________________2012....................2011

Profit available for common shareholders..................$264,583...............$449,844

Weighted average number of common shares...............395,234................394,662

Share price.........................................................$19.59..................$18.41

Instructions

(a) Calculate the earnings per share and price-earnings ratio for each year.

(b) Based on your calculations above, how did the company's profitability change from 2012 to 2011?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...