The financial statements of Trail Apparel include the following selected data (in millions):($ in thousands, except stock price) 2021Sales$Net incomeDividendsStockholders' equity, end of yearShares outstandingAverage stock price$1. Return on equity %2. Dividend yield %3. Earnings per share4. Price-earnings ratio728,72016,1004,320244,15047,0005.502020$ 752,85814,4203,320231,45036,0004.10Required:Calculate the following amounts for 2021: (Round 'Earning Per Share' to 2 decimal places.)

RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…

Answered: The financial statements of Trail…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 21E

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