The financial statements of Friendly Fashions include the following selected data (in millions): Required: 1. Calculate the
Question:
The financial statements of Friendly Fashions include the following selected data (in millions):
Required:
1. Calculate the return on equity in 2024.
2. Calculate the dividend yield in 2024.
3. Calculate earnings per share in 2024.
4. Calculate the price-earnings ratio in 2024.
Transcribed Image Text:
($ in millions) Sales Net income Stockholders' equity Average shares outstanding (in millions) Dividends per share Stock price 2024 $10,043 $312 $ 1,850 675 0.31 6.20 $ $ 2023 $11,134 $ 818 $ 2,310 11
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The dividend yield or dividend–price ratio of a share is the dividend per share, divided by the price per share. It is also a company\\\'s total annual dividend payments divided by its market capitalization, assuming the number of shares is constant. It is often expressed as a percentage.
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