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

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Q. question 9

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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