Question: The financial statements of Limited Brands, Inc., include the following selected data (in millions):
Required: 1. Calculate the return on equity in 2009. Compare it with the amount calculated for Deckers Outdoor and Timberland in the chapter.
2. Calculate the return on the market value of equity in 2009. Compare it with the amount calculated for Deckers Outdoor and Timberland in the chapter.
3. Calculate earnings per share in 2009. Why is it not reasonable to compare it with the earnings per share for Deckers Outdoor and Timberland?
4. Calculate the price-earnings ratio in 2009. Compare it with the amount calculated for Deckers Outdoor and Timberland in the chapter.