Homework Answers
Ans:
a) Earnings per share
= Net income / weighted-average ordinary shares outstanding
= $ 106,900/30250 shares
= $ 3.53
Weighted average shares=(Beginning + Closing)/2=(20700+39800)/2=30250
b) Price-earnings ratio.= Market Price Per Share/ Earning Per Share
= $12/$ 3.53
=3.40 times
c) Payout ratio: Cash Dividend/ Net Income
= $19,400/106,900
= 18.15%
d) Times interest earned= (net Income + Income Tax Expense+ interest Expense)/ Interest Expense
= (106,900+27300+11200)11200
=12.98 times
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