Use the 2014 financial statements for Danier Leather Inc in

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Use the 2014 financial statements for Danier Leather Inc. in Appendix A to answer the following
questions:a. In your own words describe the share capital of Danier. Why do you think the
company has the share structure that it does?b. Based on the statement of financial position,
does Danier appear to be in a financial position to pay out dividends? What about based on the
statement of income? What amount of dividends did the company pay out?c. Danier calculates
its EPS using both the multiple voting shares and the subordinated voting shares. Do you agree
with this method of calculation? Why or why not?d. Calculate Danier’s return on equity ratio for
2014 and 2013 and comment on your findings. (For the 2013 ratio, you can find the 2012
balances in the statement of changes in shareholders’ equity.)e. Calculate Danier’s dividend
payout ratio for 2014.f. On June 29, 2014, Danier’s share price was $9.41. Calculate the
price/earnings ratio as at that date.View Solution:
Use the 2014 financial statements for Danier Leather Inc in

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