The financial statements of Trail Apparel include the following selected data (in millions): ($ in thousands, except stock price) Sales 2020 2021 $729,920 16,100 4,160 240,150 45,000 5.90 $754,858 14,220 3,080 224,450 37,000 4.50 Net income Dividends Stockholders' equity, end of year Shares outstanding Average stock price $ Required: Calculate the following amounts for 2021: (Round 'Earning Per Share' to 2 decimal places.) Return on equity 1 Dividend yield 2. 3. Earnings per share 4. Price-earnings ratio
The financial statements of Trail Apparel include the following selected data (in millions): ($ in thousands, except stock price) Sales 2020 2021 $729,920 16,100 4,160 240,150 45,000 5.90 $754,858 14,220 3,080 224,450 37,000 4.50 Net income Dividends Stockholders' equity, end of year Shares outstanding Average stock price $ Required: Calculate the following amounts for 2021: (Round 'Earning Per Share' to 2 decimal places.) Return on equity 1 Dividend yield 2. 3. Earnings per share 4. Price-earnings ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:The financial statements of Trail Apparel include the following selected data (in millions):
($ in thousands, except stock price)
Sales
2020
2021
$729,920
16,100
4,160
240,150
45,000
5.90
$754,858
14,220
3,080
224,450
37,000
4.50
Net income
Dividends
Stockholders' equity, end of year
Shares outstanding
Average stock price
$
Required:
Calculate the following amounts for 2021: (Round 'Earning Per Share' to 2 decimal places.)
Return on equity
1
Dividend yield
2.
3. Earnings per share
4. Price-earnings ratio
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