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The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $10,043 $11, 134
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $10,043 $11, 134 Net income $ 312 $ 818 Stockholders' equity $ 1,850 $ 2,310 Average Shares outstanding (in millions) 675 Dividends per share $ 0.31 Stock price $ 6.20 Required: Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to two decimal places. Enter your answer in millions (I.e. 5,500,000 should be entered as 5.5).) Choose Numerator Net income $ 312 Dividends per share $ Answer is complete but not entirely correct. FRIENDLY FASHIONS Choose Denominator Return on equity Average stockholders' equity Return on equity 1.850 16.9% Dividend yield Stock price Dividend yield 6.20 5.0% Earnings per share Average shares outstanding Earnings per share 675 $ 0.46 Price-earnings ratio Earnings per share Price-earnings ratio 0.46 13.5 0.31 Net income 5 312 Stock price $ 6.20
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