Business, 23.09.2020 08:01 paolaviviana

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 10,100
Cost of goods sold 7,750
Depreciation 350
Earnings before interest and taxes $ 2,000
Interest paid 92
Taxable income $ 1,908
Taxes 572
Net income $ 1,336
Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 330 $ 345 Accounts payable $ 1,790 $ 1,635
Accounts rec. 1,030 930 Long-term debt 1,030 1,490
Inventory 1,800 1,730 Common stock 3,280 3,100
Total $ 3,160 $ 3,005 Retained earnings 610 860
Net fixed assets 3,550 4,080
Total assets $ 6,710 $ 7,085 Total liability & equity $6,790 $7,185
Windswept, Inc. has 570 million shares of stock outstanding. Its price-earnings ratio for 2010 is 15. What is the market price per share of stock?

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in...

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