Refer to the financial statements of Rawhide Company presented in Exercises 16-4 and 16-5. Additional information about the company is as follows:

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To evaluate the profitability of the company, calculate the following for 1990 and 1989:

(a) return on common stockholders' equity,

(b) price-earnings ratio on December 31, and

(c) dividend yield.

Transcribed Image Text:

Common stock market price, December 31, 1990. Common stock market price, December 31, 1989 Annual cash dividends per share in 1990 and 1989 $32.00 15.00 1.00