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The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average

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The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2021 $8,543 $ 190 $1,800 700 $ 0.44 $ 7.90 2020 $9,634 $ 668 $2,200 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).) Choose Numerator FRIENDLY FASHIONS Choose Denominator Return on equity Average stockholders' equity Return on equity Net income $ 190 0 Dividend yield Dividends per share $ 11 0.44 Dividend yield Stock price $ Earnings per share Average shares outstanding 7.90 5.6% Net income $ Earnings per share $ 190 700 0.27 Price-earnings ratio Earnings per share Price-earnings ratio Stock price $ 7.90 0

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