The following selected information (in millions, except for per share information) is available for the National Bank of Canada for the year ended October 31:

Instructions
(a) Calculate the following ratios for the common share holders for each fiscal year:
1. Payout ratio
2. Dividend yield
3. Earnings per share
4. Price-earnings ratio
5. Return on common shareholders' equity
(b) Comment on the above ratios for 2010 in comparison with the prior year, and in comparison with the industry.

Transcribed Image Text:

2010 Weighted average number of common shares Profit available to common shareholders Common cash dividends per share Total common cash dividends Average common shareholders' equity Market price per common share 160.3 795 2.48 398 162.1 971 2.48 5,754 67.13 60.13 Industry averages were as follows: Payout ratio Dividend yield Earnings per share Price-earnings ratio Return on common shareholders' equity 11.8% 3.8% n/a 12.0 times 15.5% 4.9% n/a 12.8 times 12.0%