The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended...

 

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The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Current Year 1 Year Ago $ 587,254 $ 358,225 182,049 9,983 7,634 $ 301,221 117,245 10,659 6,951 557,891 $ 29,363 $ 463,417 436,076 $ 27,341 $ 1.68 Total costs and expenses Net income Earnings per share Additional information about the company follows. $ 1.81 Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 28.00 26.00 0.38 0.19 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield. The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Current Year 1 Year Ago $ 587,254 $ 358,225 182,049 9,983 7,634 $ 301,221 117,245 10,659 6,951 557,891 $ 29,363 $ 463,417 436,076 $ 27,341 $ 1.68 Total costs and expenses Net income Earnings per share Additional information about the company follows. $ 1.81 Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 28.00 26.00 0.38 0.19 For both the current year and one year ago, compute the following ratios: 1. Return on equity. 2. Dividend yield.

Answer rating: 100% (QA)

To compute the requested ratios we will use the information provided in the income statements and ad... View the full answer