he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2024 $9,343 $230 $1,760 FRIENDLY FASHIONS 640 $0.33 $8.10 2023 $10,434 $748 $2,240 0 0 0 Required: Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)

he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions) Sales Net income Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 2024 $9,343 $230 $1,760 FRIENDLY FASHIONS 640 $0.33 $8.10 2023 $10,434 $748 $2,240 0 0 0 Required: Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Please do not give solution in image format thanku

The financial statements of Friendly Fashions include the following selected data (in millions):
($ in millions)
Sales.
Net income
Stockholders' equity
Average Shares outstanding (in millions)
Dividends per share
Stock price
FRIENDLY FASHIONS
Return on equity
Numerator/Denominator
Dividend yield
Required:
Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal
places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Numerator/Denominator
Earnings per share
Numerator/Denominator
Price-earnings ratio
Numerator/Denominator
Amounts
Amounts
Amounts
2024
$9,343
$230
$1,760
640
$0.33
$8.10
Amounts
2023
$10,434
$748
$2,240
0
0
0

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