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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 $ 9,643 $
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778 Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 - 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).)
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 $9,643 $ 260 $1,730 655 $ 0.36 $ 5.80 2020 $10,734 $ 778 $ 2,270 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 shares outstanding Net income Return on equity Dividend yield Dividend yield Earnings per share Earnings per share Price-earnings ratio Price-earings ratioStep by Step Solution
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