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1-8 Refer to the financial statements of Mixon company in exercise 1-3 and 1-5. The following additional information about the company is known
Common stock market price December 31, 2006…..$15.00
Common stock market price December 31, 2005…..$14.00
Annual cash dividends per share in 2006………………0.60
Annual cash dividends per share in 2006………………0.30
To help evaluate the profitability of the company, copute the following 2006 and 2005:
a) Return on common shareholder’s equity
b)Price earnings ratio on December 31, and
c) Dividend yield
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