Question
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions) 2018 2017 Sales $ 10,043 $ 11,134 Net income
The financial statements of Friendly Fashions include the following selected data (in millions):
| ($ in millions) | 2018 | 2017 | ||
| 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 2018
Return on equity, Dividend yield,earnings per share,Price earnings ratio
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th Edition
1118484320, 978-1118484326
