The following information is available for Leon's Furniture Limited for the years ended December 31 (in thou-

Question:

The following information is available for Leon's Furniture Limited for the years ended December 31 (in thou- sands, except for share price):

(a) Calculate the earnings per share and the price-earnings ratio for each year.
(b) Indicate whether profitability improved or deteriorated in 2010.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1118024492

5th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jul 18, 2017 01:37 AM

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The following information is available for Leon's Furniture Limited for the years ended December 31 (in thou-

Question:

2010 $63,284 Profit available to common shareholders Weighted average number of common shares70,732 Share price 2009 $56,864 70,714 $10.50 $14.80

Step by Step Answer:

a in thousands 2010 2009 Earnings per share Earnings per share 63284 089 per share 56864 0...View the full answer

Financial Accounting Tools for Business Decision Making

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