Question
Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view
Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Win's has 20,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2024 for Win's. Round to the nearest cent Begin by selecting the formula to calculate Win's Companies' EPS. Then enter the amounts and calculate the EPS for 2024. (Abbreviation used: Weighted avg number of CSO weighted average number of common shares outstanding, market price per share of CS market price per share of common stock. Complete all input boxes Enter a "0" for balance with a zero value. Round your answer to the nearest cent, $XXX.) EPS 1 Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 2024 2023 $ 42,400 $ 41,600 23,300 25,500 400 320 6,700 7,800 $ 12,000 $ 7,980 Print Done a ne Balance Sheets Win's Companies Balance Sheet May 31, 2024 and 2023 Assigned Media Question Help Assets Liabilities 2024 2023 2024 2023 Cash 2,000 $ Short-term Investments 24,000 1,200 Total Current Liabilities 13,000 Long-term Liabilities $ 26,000 $ 13,000 13,700 11,400 Accounts Receivable 7,400 5,600 Total Liabilities 39,700 24,400 Merchandise Inventory 7,100 7,500 Stockholders' Equity 9,000 1,800 Other Current Assets Common Stock 8,000 8,000 29,800. 20,700 Total Current Assets 49,500 29,100 Retained Earnings 28,000 24,000 All Other Assets Total Equity 37,800 28,700 $ 77,500 $ 53,100 $ 77,500 $ 53,100 Total Assets Total Liabilities and Equity Print Done avg num input E er d i Requirements - X 1. Compute earnings per share (EPS) for 2024 for Win's. Round to the nearest cent. 2. Compute Win's Companies' price/earnings ratio for 2024. The market price per share of Win's stock is $13.50. 3. What do these results mean when evaluating Win's Companies' profitability? Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started