Homework Answers
OPTION - B. While calculating return on assets, preferred dividend are subtracted from net Income.
While calculating the rates related to shareholders, preferred dividend are deducted from the Net Income.
Return on assets = Net income / Average total assets.
Return on equity = (Net Income - Preferred dividend)/Average stockholders equity.
Earnings Per Share = Total Earnings available/Weighted average number of shares.
Price earnings ratio = Market price per share/Earnings per share.
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This Question: 10 pts 4 of 44 (3 complete) Which of the following statements about financial...
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The financial statements of Friendly Fashions include the
following selected data (in millions): ($ in millions except share
data) 2021 2020 Sales $ 9,643 $ 10,734 Net income $ 260 $ 778
Stockholders' equity $ 1,730 $ 2,270 Average Shares outstanding (in
millions) 655 - Dividends per share $ 0.36 - Stock price $ 5.80 -
Required: Calculate the following ratios for Friendly Fashions in
2021. (Enter your Dividend yield and Price-earning ratio values to
2 decimal places. Enter your...
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