Refer to Nabisco Companys financial information in Exercises 13-6 and 13-8. Additional information about the company follows.
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Refer to Nabisco Company’s financial information in Exercises 13-6 and 13-8. Additional information about the company follows. To help evaluate the company’s profitability, compute and interpret the following ratios for 2010 and 2009:
(1) Return on common stockholders’ equity,
(2) Price-earnings ratio on
December 31, and
(3) Dividend yield.
Common stock market price, December 31, 2010 . . . . . . . $30.00
Common stock market price, December 31, 2009 . . . . . . . . 28.00
Annual cash dividends per share in 2010 . . . . . . . . . . . . . . . . 0.28
Annual cash dividends per share in 2009 . . . . . . . . . . . . . . . . 0.24
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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