The financial statements of Friendly Fashions include the following selected data (in millions): ...
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Accounting
The financial statements of Friendly Fashions include the following selected data (in millions):
| ($ in millions) | 2018 | 2017 | ||
| Sales | $ | 9,743 | $ | 10,834 |
| Net income | $ | 270 | $ | 788 |
| Stockholders' equity | $ | 1,720 | $ | 2,280 |
| Average Shares outstanding (in millions) | 660 | - | ||
| Dividends per share | $ | .37 | ||
| Stock price | $ | 7.50 | - | |
Required: Calculate the following ratios for Friendly Fashions in 2018. (Enter your Dividend yield and Price-earning ratio values to two decimal places. Enter your answer in millions (i.e. 5,500,000 should be entered as 5.5).)
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