Whispering Winds Corporation had sales revenue of $5,925,000 and investment revenue of $230,000 for the year...

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Whispering Winds Corporation had sales revenue of $5,925,000 and investment revenue of $230,000 for the year ended December 31, 2023. Other items pertaining to 2023 were as follows: Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses Salaries and wages expense (administrative) Rent expense Utilities expense $4,630,000 361,000 129,000 70,000 560,000 303,000 101,000 42,000 Administrative expenses Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense 446,000 75,000 36,000 156,000 76,000 Whispering Winds has 100,000 common shares outstanding throughout the year. Prepare a multiple-step income statement for Whispering Winds Corporation, showing expenses by function. Include calculation of EPS. (Round per share answer to 2 decimal places, e.g. 52.75.) Assume the average market price for the common shares is $32.32. What is Whispering Winds's price earnings ratio? (Round answer to O decimal places, e.g. 5,275.) Whispering Winds Corporation had sales revenue of $5,925,000 and investment revenue of $230,000 for the year ended December 31, 2023. Other items pertaining to 2023 were as follows: Cost of goods sold Salaries and wages expense (sales) Advertising expense Entertainment expense Selling expenses Salaries and wages expense (administrative) Rent expense Utilities expense $4,630,000 361,000 129,000 70,000 560,000 303,000 101,000 42,000 Administrative expenses Increase in value of company reputation Unrealized gain on value of patents Interest expense Income tax expense 446,000 75,000 36,000 156,000 76,000 Whispering Winds has 100,000 common shares outstanding throughout the year. Prepare a multiple-step income statement for Whispering Winds Corporation, showing expenses by function. Include calculation of EPS. (Round per share answer to 2 decimal places, e.g. 52.75.) Assume the average market price for the common shares is $32.32. What is Whispering Winds's price earnings ratio? (Round answer to O decimal places, e.g. 5,275.)

Answer rating: 100% (QA)

1 Calculations Total Revenue Sales Revenue 5925000 Investment Revenue 230000 Total Revenue Sales Revenue Investment Revenue 5925000 230000 6155000 Gro... View the full answer