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The financial statements of Friendly Fashions include the following selected data (in millions): 2021 2020 ($ in millions except share data) Sales Net income Stockholders'
The financial statements of Friendly Fashions include the following selected data (in millions): 2021 2020 ($ in millions except share data) Sales Net income Stockholders' equity Average shares outstanding (in millions) Dividends per share Stock price $8,143 $ 159 $2,000 720 $ 0.30 $ 9.90 $ 9,234 $ 628 $ 2, 240 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).) FRIENDLY FASHIONS Choose Numerator Choose Denominator Return on equity Return on equity = Dividend yield Dividend yield Earnings per share Earnings per share Price-earnings ratio Price-earnings ratio
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