Required: Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) FRIENDLY FASHIONS Return on equity Numerator/Denominator Amounts Dividend yield Numerator/Denominator Amounts Earnings per share Numerator/Denominator Amounts Price-earnings ratio Numerator/Denominator Amounts

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 2MC
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The financial statements of Friendly Fashions include the following selected data (in millions):
 

($ in millions) 2024 2023
Sales $8,343 $9,434
Net income $170 $648
Stockholders' equity $1,780 $2,220
Average Shares outstanding (in millions) 710 0
Dividends per share $0.28 0
Stock price $8.00 0


Required:
Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)

Required:
Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal
places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
FRIENDLY FASHIONS
Return on equity
Numerator/Denominator
Amounts
Dividend yield
Numerator/Denominator
Amounts
Earnings per share
Numerator/Denominator
Amounts
Price-earnings ratio
Numerator/Denominator
Amounts
Transcribed Image Text:Required: Calculate the following ratios for Friendly Fashions in 2024. (Enter your dividend yield and price-earnings ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) FRIENDLY FASHIONS Return on equity Numerator/Denominator Amounts Dividend yield Numerator/Denominator Amounts Earnings per share Numerator/Denominator Amounts Price-earnings ratio Numerator/Denominator Amounts
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