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Return to question 15 4.54 points Given the information below for HooYah! Corporation, compute the expected share price at the end of 2022 using
Return to question 15 4.54 points Given the information below for HooYah! Corporation, compute the expected share price at the end of 2022 using price ratio analysis. Assume that the historical (arithmetic) average growth rates will remain the same for 2022. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Exclude negative annual P/E and P/CFPS ratios from the average PE and average P/CFPS ratio calculations. When computing annual growth rates, use a positive sign on the annual rate of change if the per share value increased in value and use a negative sign on the annual rate of change if the per share value deceased in value. Year Price EPS 2016 $ 28.00 -8.00 2017 $ 64.50 -7.29 -1.80 2018 $136.00 $ 213.00 -0.59 2019 2020 $ 103.00 2021 $ 33.50 0.04 0.06 CFPS -16.00 -13.50 -2.80 -0.25 0.68 0.08 SPS 25.00 33.50 28.10 31.60 35.10 41.95 Answer is complete but not entirely correct. Share Price Using PE ratio $ 90.01 X Using P/CF ratio $ SA Using P/S ratio SA $ 90.00 9.00
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