The financial statements of Friendly Fashions include the following selected data: Required: 1. Calculate the return on

Question:

The of Friendly Fashions include the following selected data:

The financial statements of Friendly Fashions include the following selected

Required:
1. Calculate the return on equity in 2015. Compare it with the amount calculated for Deckers Outdoor and Wolverine in the chapter.
2. Calculate the return on the market value of equity in 2015. Compare it with the amount calculated for Deckers Outdoor and Wolverine in the chapter.
3. Calculate earnings per share in 2010. Why is it not reasonable to compare it with the earnings per share for Deckers Outdoor and Wolverine?
4. Calculate the price-earnings ratio in 2010. Compare it with the amount calculated for Deckers Outdoor and Wolverine in thechapter.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...