Question

In: Accounting

($ in millions except share data) 2021 2020 Sales $ 9,843 $ 10,934 Net income $...

($ in millions except share data) 2021 2020
Sales $ 9,843 $ 10,934
Net income $ 280 $ 798
Stockholders' equity $ 1,710 $ 2,290
Average Shares outstanding (in millions) 665 -
Dividends per share $ 0.38 -
Stock price $ 8.50 -

Choose numerator / Choose denominator
Return on equity
Dividend Yield
Earnings per share
price earning ratio

Solutions

Expert Solution

1)
Average Stockholders Equity = (beginning Stockholders Equity + ending Stockholders Equity)/2
= ( $2290+1710)/2
= $ 2000
Return On Stockholders Equity = Net Income / Average Stockholders Equity
= $280/2000
=14 %
2) Dividend Yield Ratio = Dividend Per Share / Price Per Share
= $0.38/8.5
=4.47%
3) Earning Per Shares = Net Income/ Average Number Of Shares Outstanding
= $280/665
= $ 0.42
4) Price-earning ratio =Price Per Share/ Earning Per Share
= $8.5/0.42
= 20.24 times
If not rounded off answer will be = 20.19
NOTE: ASK YOUR QUERIES.PLEASE DO UPVOTE

ekkarill92 answered 1 year ago
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