Winds Technologies had a net income of $2,050,000 and paid dividends to common stockholders of $500,000 in 2023. The weighted average number of shares outstanding in 2023 was 700,000 shares. Winds Technologies' common stock is selling for $45 per share on the NASDAQ. What is Winds Technologies' price-earnings (P/E) ratio?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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Please provide correct answer this financial accounting question

Winds Technologies had a net income of $2,050,000 and
paid dividends to common stockholders of $500,000 in
2023. The weighted average number of shares outstanding
in 2023 was 700,000 shares. Winds Technologies' common
stock is selling for $45 per share on the NASDAQ.
What is Winds Technologies' price-earnings (P/E) ratio?
Transcribed Image Text:Winds Technologies had a net income of $2,050,000 and paid dividends to common stockholders of $500,000 in 2023. The weighted average number of shares outstanding in 2023 was 700,000 shares. Winds Technologies' common stock is selling for $45 per share on the NASDAQ. What is Winds Technologies' price-earnings (P/E) ratio?
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