Question: Refer to the financial statements of Mixon Company in Exercises

Refer to the financial statements of Mixon Company in Exercises 1–3 and 1–5. The following additional information about the company is known:
Common stock market price, December 31, 2006 . . . . . . $15.00
Common stock market price, December 31, 2005 . . . . . . 14.00
Annual cash dividends per share in 2006 . . . . . . . . . . . . 0.60
Annual cash dividends per share in 2005 . . . . . . . . . . . . 0.30
To help evaluate the profitability of the company, compute the following for 2006 and 2005:
(a) Return on common stockholders’ equity,
(b) Price-earnings ratio on December 31, and
(c) Dividend yield.


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  • CreatedJanuary 22, 2015
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