Item 3

10 points

Item 3

Item 3 10 points The financial statements of Friendly Fashions include the following selected data (in millions):

($ in millions except share data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778 Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -

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).)

1. Return on equity
2. Dividend yield
3. Earnings per share
4. Price earnings ratio
5. Market price per share