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*ACCOUNTING* Please help to evaluate in any way possible. Thank you! The financial statements of Friendly Fashions include the following selected data (in millions): (S

*ACCOUNTING* Please help to evaluate in any way possible. Thank you!

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The financial statements of Friendly Fashions include the following selected data (in millions): (S in millions except share data) 2021 2020 Sales $8,743 $9.834 Net income 5 330 $ 688 Stockholders' equity $1,660 $2,340 Average Shares outstanding (in millions) 690 Dividends per share $ 0.42 - Stock price $ 7.20 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (Le. 5,500,000 should be entered as 5.5).) Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 59,000 additional shares of $1 par value common stock for $56 per share. May 10 Purchases 5,400 shares of treasury stock for $59 per share. June 1 Declares a cash dividend of $1.70 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,700 shares of treasury stock purchased on May 10 for $64 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) The income statement, balance sheets, and additional information for Video Phones, Inc., are provided. VIDEO PHONES , INC. Income Statement For the Year Ended December 31, 2021 Net sales $3,586,000 Expenses: Cost of goods sold $2,400,000 Operating expenses 948,000 Depreciation expense 36,000 Loss on sale of land 8,900 Interest expense 19,500 Income tax expense 57,000 Total expenses 3,469,400 Net income $ 116,600 ' UECBHlDEI J J. 2021 2020 Assets Current assets: Cash $ 257,740 $219,420 Accounts receivable 90,900 69,000 Inventory 105,000 144,000 Prepaid rent 14,160 7,080 Long-term assets: Investments 114,000 0 Land 219,000 258,000 Equipment 288,000 219,000 Accumulated depreciation (79,800) (43,800) Total assets $1,009,000 $872,700 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 74,100 $ 90,000 Interest payable 6,900 11,800 Income tax payable 15,900 14,900 Long-term liabilities: Notes payable 303,000 234,000 Stockholders' equity: Common stock 390,000 390,000 Retained earnings 219,100 132,000 Total liabilities and stockholders' equity $1,009,000 $872,700 ' Additional Information for 2021: 1. Purchase investment in bonds for $114,000. 2. Sell land costing $39,000 for only $30,100, resulting in a $8,900 loss on sale of land. 3. Purchase $69,000 in equipment by issuing a $69,000 long-term note payable to the seller. No cash is exchanged in the transaction. 4. Declare and pay a cash dividend of $29,500. Required: Prepare the statement of cash flows using the indirect method. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.)

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