The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $9,843 $ 280 $1,710 $10,934 Net income $ 798 $ 2,290 Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 665 $ 0.38 $ 8.50 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).) FRIENDLY FASHIONS Choose Numerator Choose Denominator Return on equity Return on equity Dividend yield Dividend yield %3D Earnings per share Earnings per share Price-earnings ratio Price-earnings ratio %3D

The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $9,843 $ 280 $1,710 $10,934 Net income $ 798 $ 2,290 Stockholders' equity Average Shares outstanding (in millions) Dividends per share Stock price 665 $ 0.38 $ 8.50 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).) FRIENDLY FASHIONS Choose Numerator Choose Denominator Return on equity Return on equity Dividend yield Dividend yield %3D Earnings per share Earnings per share Price-earnings ratio Price-earnings ratio %3D

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

Calculate the following ratios for Friendly Fashions in 2021.

The financial statements of Friendly Fashions include the following selected data (in millions):
($ in millions except share data)
2021
2020
$9,843
$
$10,934
$
$ 2,290
Sales
Net income
280
798
Stockholders' equity
Average Shares outstanding (in millions)
Dividends per share
Stock price
$1,710
665
$ 0.38
$ 8.50
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).)
FRIENDLY FASHIONS
Choose Numerator
Choose Denominator
Return on equity
Return on equity
%3D
Dividend yield
Dividend yield
Earnings per share
Earnings per share
Price-earnings ratio
Price-earnings ratio
%D

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