E8-15A. Calculate return on equity and earnings per share. (LO 6)
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 equity and (2) earnings per share. What do the ratios indicate about the company’s performance during the year?
| (amounts in thousands) | 2006 | 2005 |
| Weighted average common shareholder’s equity | $1,328 | $1,150 |
| Dividends declared for common shareholder’s | 500 | 485 |
| Net income | 2,015 | 1,422 |
| Average number of common shares outstanding during the year | 2,18 | 1,95 |
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