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):

____________________________________________________2015__________2014

Income available for common shareholders.........$65,286...........$185,234

Weighted average number of common shares.......395,793............395,740

Share price.....................................................................$17.07..............$18.62

Instructions

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

(b) Based on your calculations above, how did the company's profitability change from 2014 to 2015?

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...