1-8 refer to the financial statements of mixon company in exercise

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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