A company designs and produces a line of golf equipment and golf apparel. The company has 100,000 shares of common stock outstanding as of the beginning of Year 1. The company has the following transactions affecting stockholders' equity in Year 1 1 Issues 54,000 additional shares of $1 par value common stock for $51 per share 10 Purchases 4,900 shares of treasury stock for $54 per share 1 Declares a cash dividend of $1.45 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) 1 Pays the cash dividend declared on June 1. March May June July October 2l Resells 2,450 shares of treasury stock purchased on May 10 for $59 per share. The company has the following beginning balances in its stockholders' equity accounts on January 1, Year 1: Common Stock, $100,000; Additional Paid-in Capital, $4,400,000; and Retained Earnings, $1,900,000. Net income for the year ended December 31, Year 1, is $590,000. Required: Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.) Balance Sheet (Stockholders' Equity Section) December 31, Year 1 Stockholders' Equity: Common Stock Additional Paid-in Capital Total Paid-in Capital 0 Retained Earnings Total Stockholders' Equity 0 The financial statements of a company include the following selected data (in millions): ($in millions except share data) Year Year 943 s310 Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 708 $ 2,320 $1,680 680 $ 0.40 $ 7.00 Required: Calculate the following ratios for the company in Year 2. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Choose Denominator Choose Numerator Return on equity Return on equity - Dividend yield Dividend yield Earnings per share Earnings per share - Price-earnings ratio Price-earnings ratio