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Part 1 of Points: 0.36 of 1 Consider the following financial information of First Distributing Company (Click the icon to view the financial Information.) Read
Part 1 of Points: 0.36 of 1 Consider the following financial information of First Distributing Company (Click the icon to view the financial Information.) Read the requirement Select the two ratios used to evaluate common stock as an investment, select the corresponding formulas, and then calculate each ratio for 2021 and 2020. (Abbreviations used: EPS = earnings per share, P/E = price per earnings, ROA = rate of return on total assets, ROE = rate of retum on common stockholders' equity, and ROS = rate of return on net sales. Round intermediary calculations and your final answers to three decimal places, X.XXX.) Ratio Formula 2021 2020 Dividend yleld Dividend per share of common stock + Market price per share of common stock P/E ratio Market price per share - Earnings per share X Data table 2020 62,800 Net income 2021 112,000 $ 12,000 $ Dividends to common Total stockholders' equity at year-end (includes 82,000 shares of common stock) Preferred stock, 10% Market price per share of common stock at year-end 300,000 95,000 21.50 $ 22.000 320,000 95,000 15.86 $ Print Done
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