Homework Answers
| 2015 | 2014 | |
| basic earnings per share | $1.08 | $1.07 |
| price earnings ratio | 13.0 | 16.2 |
working:
Basic earnings per share = income available to common shareholders / weighted average number of common shares
for 2015:
$76,629 / 71,218
=>$1.08.
for 2014:
$75,524/70,899
=>$1.07.
PE ratio :
price per share/ EPS.
for 2015
=>$13.99 /1.08
=>13.0 times.
for 2014:
=>$17.31/1.07
=>16.2 times
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