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 Hing during 2024 i 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 on click Check Answer 2024 2023 $ 42,400 $ 41,600 23,300 25,500 400 320 6,700 7,800 $ 12,000 $ 7,980 Print Done Win's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash 2,000 $ 1,200 Total Current Liabilities 26,000 $ 13,000 Short-term Investments 24,000 13,000 Long-term Liabilities 13,700 11,400 Accounts Receivable 7,400 5,600 Total Liabilities 39,700 24,400 Merchandise Inventory 7,100 7,500 Stockholders' Equity Other Current Assets 9,000 1,800 Common Stock 8,000 8,000 29,800 20,700 Total Current Assets 49,500 29,100 Retained Earnings 28,000 All Other Assets 24,000 Total Equity 37,800 28,700 77,500 $ 53,100 $ 77,500 $ 53,100 Total Assets Total Liabilities and Equity 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 30.000 21.000 270
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