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).) FRIENDLY FASHIONS Return on equity Numerator/Denominator Amounts Dividend yield Numerator/Denominator Amounts Earnings per share Numerator/Denominator Amounts Price-earnings ratio Numerator/Denominator Amounts
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).) FRIENDLY FASHIONS Return on equity Numerator/Denominator Amounts Dividend yield Numerator/Denominator Amounts Earnings per share Numerator/Denominator Amounts Price-earnings ratio Numerator/Denominator Amounts
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2MC
Related questions
Question
The financial statements of Friendly Fashions include the following selected data (in millions):
| ($ in millions) | 2024 | 2023 |
|---|---|---|
| Sales | $8,343 | $9,434 |
| Net income | $170 | $648 |
| $1,780 | $2,220 | |
| Average Shares outstanding (in millions) | 710 | 0 |
| Dividends per share | $0.28 | 0 |
| Stock price | $8.00 | 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).)
Transcribed Image Text: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).)
FRIENDLY FASHIONS
Return on equity
Numerator/Denominator
Amounts
Dividend yield
Numerator/Denominator
Amounts
Earnings per share
Numerator/Denominator
Amounts
Price-earnings ratio
Numerator/Denominator
Amounts
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