The following data were taken from the financial statements of French Broad Steel Works Inc. for a recent year:

Based on these data, determine the following profitability measures:

a. Asset turnover

d. Earnings per share

b. Return on total assets

e. Price-earnings ratio

c. Return on stockholders’ equity

f. Dividend yield

Transcribed Image Text:

Shares of common stock outstanding Sales Interest expense Net income Market price per share of common stock at year-end Dividends per share of common stock Average total assets (excluding long-term investments) Average total assets Average total stockholders' equity 20,000 $2,400,000 40,000 250,000 120.00 3.00 1,600,000 2,000,000 1,000,000