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: Due to the growing demand for computer software, the Perry Company has had a very successful year and expects its earnings per share to grow by 25% to reach $5.50 for this: year. Estimate the price of the company's common stock assuming the industry's price/earnings ratio is 12. JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. What is the price of the stock? (Round your answer to 2 decimal places.)
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: Due to the growing demand for computer software, the Perry Company has had a very successful year and expects its earnings per share to grow by 25% to reach $5.50 for this: year. Estimate the price of the company's common stock assuming the industry's price/earnings ratio is 12. JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. What is the price of the stock? (Round your answer to 2 decimal places.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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: Due to the growing demand for computer software, the Perry
Company has had a very successful year and expects its earnings per share to grow by 25% to reach $5.50
for this: year. Estimate the price of the company's common stock assuming the industry's price/earnings
ratio is 12. JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. What
is the price of the stock? (Round your answer to 2 decimal places.)
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