Please provide answer 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. WhisperingWinds Corp.'s price-earnings ratio is: Due to the growing demand for computer software, the PerryCompany has had a very successful year and expects its earnings per share to grow by 25% to reach $5.50for this: year. Estimate the price of the company's common stock assuming the industry's price/earningsratio is 12. JP Morgan Chase Co. (JPM) has earnings per share of $3.39 and a P/E ratio of 11.62. Whatis the price of the stock? (Round your answer to 2 decimal places.)

Part a) Step 1: Given Value for Calculation Net Income = ni = $1,618,000Dividend = d =…

Answered: Whispering Winds Corp. had a net income…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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Please show your work in Excel (with formulas).
(Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,391,000. Furthermore, the firm's income statement for the year just ended has a net income of $505,000, which is $0.232 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.54. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is $ (Round to the nearest cent.)
(Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share x total shares outstanding) of $1,314,000. Furthermore, the firm's income statement for the year just ended has a net income of $578,000, which is $0.264 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 21.81. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is $ (Round to the nearest cent.) C...
(Market value analysis)The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per sharetimestotal shares outstanding) of $ 1,369,000. Furthermore, the firm's income statement for the year just ended has a net income of $ 505,000, which is $ 0.243 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 18.55. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? Question content area bottom Part 1 a.What price would you expect Underwood Motors shares to sell for? The market price per share is $4.51.(Round to the nearest cent.) Part 2 b.What is the book value per share for Underwood's shares? The book value per share is $ ??? enter your response here. (Round to the nearest cent.)
(Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share total shares outstanding) of $1,367,000. Furthermore, the firm's income statement for the year just ended has a net income of $513,000, which is $0.276 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 19.86. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares? a. What price would you expect Underwood Motors shares to sell for? The market price per share is $. (Round to the nearest cent.)
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