What do the ratios indicate about the companys perfor mance

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Reference no: EM13937541

Calculate return on equity and earnings per share.

The following financial information is available for Cable Corporation at the end of its two most recent fiscal years. The company has no preferred stock. Calculate (1) return on eq uity and (2) earnings per share. What do the ratios indicate about the company's perfor mance during the year?

(amounts in thousands)	2006	2005
Weighted average common shareholders' equity	$1,328	$1, 150
Dividends declared for common shareholders	500	485
Net income	2,015	1,422
Average number of common shares outstanding during the year	2,186	1,950

Reference no: EM13937541

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