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EXERCISE 1-8 Evaluating Profitability Refer to the financial statements of Mixon Company in information about the company is known: Exercises 1-3 and 1-5. The following

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EXERCISE 1-8 Evaluating Profitability Refer to the financial statements of Mixon Company in information about the company is known: Exercises 1-3 and 1-5. The following additional Common stock market prioe, December 31, 2006. . $15.00 Annual cash dividends per share in 2006 . .. .. .. . ...0.60 Annual cash dividends per share in 2005 . . . . . . . . 0.30 To help evaluate the profitability of the company, compute the following for 2006 and 2005: (a) return on common stockholders' equity, (b) price-earnings ratio on December 31, and (c) dividend yield

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