Calculate return on equity and earnings per share. (LO 6) The following financial information is available for
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Calculate return on equity and earnings per share. (LO 6)
The following financial information is available for Sugar Treats 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?
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(amounts in thousands) Weighted average common stockholders' equity Dividends declared for common stockholders $1,560 2006 2005 $1,235 300 265 Net income 3,010 1,565 Average number of common shares outstanding during the year 2,050 1,635
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