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The financial statements of Trail Apparel include the following selected data (in millions): 2015 2014 Sales $ 728,920 $752,558 Net income 16,300 13,920 Stockholders' equity,
| The financial statements of Trail Apparel include the following selected data (in millions): |
| 2015 | 2014 | |
| Sales | $ 728,920 | $752,558 |
| Net income | 16,300 | 13,920 |
| Stockholders' equity, end of year | 236,150 | 231,450 |
| Shares outstanding (in thousands) | 44,000 | - |
| Average stock price | $5.50 | - |
| Required: | |
| 1. | Calculate the return on equity for 2015. (Round your answer to 1 decimal place.) |
| 2. | Calculate the return on the market value of equity for 2015. (Round your answer to 1 decimal place.) |
| 3. | Calculate the price-earnings ratio for 2015. (Do not round your intermediate calculations. Round your answer to 1 decimal place.) |
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