Question

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.



$1.99
Sales1
Views79
Comments0
  • CreatedJanuary 22, 2015
  • Files Included
Post your question
5000