Question
PharoahInc. reported the following selected information for the past three years (in millions, except for per share amounts): 2021 2020 2019 Net sales $4,400 $3,600
PharoahInc. reported the following selected information for the past three years (in millions, except for per share amounts):
2021
2020
2019
Net sales
$4,400
$3,600
$3,000
Average shareholders' equity
3,4002,400
1,700
Profit from continuing operations
$1,140
$810
$590
Loss on disposal of discontinued operations
320
Loss from discontinued operations
120
100
90
Profit
$700
$710
$500
Weighted average number of common shares
290
280
270
Market price per share
$41.00
$32.85
$40.43
(a)
CalculatePharoah's return on equity, earnings per share, and price-earnings ratios before and after discontinued operations for 2021, 2020, and 2019
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