Homework Answers
Average stockholders equity = ( Beginning stockholders equity + Ending stockholders equity)/2
= (2,250+1,750)/2
= $2,000 millions
| FRIENDLY FASHIONS | ||||
| Choose Numerator | / | Choose Denominator | = | |
| Return on equity | ||||
| Net Income | / | Average stockholders equity | = | Return on equity |
| 140 | / | 2,000 | = | 7% |
| Dividend yield | ||||
| Dividend per share | / | Stock price | = | Dividend yield |
| 0.31 | / | 8.90 | = | 3.48% |
| Earnings per share | ||||
| Net Income | / | Average shares outstanding | = | Earnings per share |
| 140 | / | 725 | = | $0.19 |
| Price-earnings ratio | ||||
| Stock price | / | Earnings per share | = | Price-earnings ratio |
| 8.90 | / | 0.19 | = | 46.84 |
Kindly comment if you need further assistance.
Thanks‼!
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