Whispering Winds Corp. had a net income of $1,618,000 and paid dividends to common stockholders of $404,500 in 2022. The weighted average number of shares outstanding in 2022 was 566,300 shares. Whispering Winds Corp. common stock is selling for $30 per share on the NASDAQ. Whispering Winds Corp.'s price-earnings ratio is: A. 10.5 times. B. 8 times. C. 2.9 times. D. 4 times.

Whispering Winds Corp. had a net income of $1,618,000 and paid dividends to common stockholders of $404,500 in 2022. The weighted average number of shares outstanding in 2022 was 566,300 shares. Whispering Winds Corp. common stock is selling for $30 per share on the NASDAQ. Whispering Winds Corp.'s price-earnings ratio is: A. 10.5 times. B. 8 times. C. 2.9 times. D. 4 times.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
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A-2
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