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Financial Accounting
The financial statements of Friendly Fashions include the following selected

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):

($ in millions) 2021 2020 $10,043 2$ $11,134 2$ $ 2,310 Sales Net income 312 818 $ 1,850 Stockholders' equity Average shares outstanding (in millions) Dividends per share Stock price 675 $ 0.31 $ 6.20

Required:

1. Calculate the return on equity in 2021.

2. Calculate the dividend yield in 2021.

3. Calculate earnings per share in 2021.

4. Calculate the price-earnings ratio in 2021.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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($ in millions) 2021 2020 $10,043 2$ $11,134 2$ $ 2,310 Sales Net income 312 818 $ 1,850 Stockholders' equity Average shares outstanding (in millions) Dividends per share Stock price 675 $ 0.31 $ 6.20

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1 Return on equity shows how much the company earns from each ...View the full answer

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I am a management accountant as well as an SAP FICO Consultant who has good knowledge on the business practices and accounting treatments of the same. Worked in EY as Finance and Accounts analyst and now working as SAP Consultant at Zettamine Labs.

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Financial Accounting

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Authors: David Spiceland, Wayne M. Thomas, Don Herrmann

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Question Posted: May 16, 2020 02:05 PM

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The financial statements of Friendly Fashions include the following selected data (in millions): Required: 1. Calculate the

Question:

($ in millions) 2021 2020 $10,043 2$ $11,134 2$ $ 2,310 Sales Net income 312 818 $ 1,850 Stockholders' equity Average shares outstanding (in millions) Dividends per share Stock price 675 $ 0.31 $ 6.20

Step by Step Answer:

1 Return on equity shows how much the company earns from each ...View the full answer

Financial Accounting

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