STOCKHOLDER RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 and the following data to respond
Question:
STOCKHOLDER RATIOS. Use the Dayton Hudson financial statements in Exercise 15-25 and the following data to respond to the requirements below.
REQUIRED:
1. Compute the four stockholder ratios for the years ended January 29, 1994, and January 30, 1993.
2. Were there significant changes in these ratios between the years ended January 29, 1994, and January 30, 1993. Do the stockholder ratios suggest whether Dayton Hudson was a better investment at January 29, 1994, or January 30, 1993?
Transcribed Image Text:
ITEM Average number of common shares outstanding (millions) Preferred dividends (millions) Dividends per common share Market price per share: High Low YEAR ENDED 1/29/94 1/30/93 71.5 71.3 $24 $ 24 1.62 1.54 83% 79% 63% 59
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