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Question - The following financial information is available for Sandhill Ltd. as at December 31 (in thousands, except for per share amounts):
2021
2020
2019
Profit
$1,899
$2,046
$2,556
Preferred share dividends (total)
$73
$43
$30
Weighted average number of common shares
482
480
481
Dividends per common share
$2.50
$2.25
$2.10
Market price per common share
$43.00
$49.75
$56.25
Required - Calculate the earnings per share, price-earnings ratio, and payout ratio for the common shareholders for each of the three years.
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