Exercise 10-10A Record stock dividends and stock splits (LO10-6) On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 20,000, $11 par, common shares. The market price of the common stock is $40 on this date. Required: 1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend, a large (100%) stock dividend, and a 2-for-1 stock split. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the stock dividend assuming a small (10%) stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit September 01 Record entry Clear entry View general journal Exercise 10-15A Calculate and analyze ratios (LO10-8) The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $ 8, 843 $ 336 $1,870 685 $ 0.41 $ 7.40 2020 $9,934 $ 698 $2,330 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 (i.e. 5,500,000 should be entered as 5.5).) Choose Numerator FRIENDLY FASHIONS Choose Denominator Return on equity Return on equity Dividend yield Dividend yield Earnings per share Earnings per share Price-earnings ratio Price-earnings ratio