Business, 13.10.2021 03:40 lachlyn40

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 Cost of goods sold 7,500 Depreciation 325 Earnings before interest and taxes $ 1,325 Interest paid 80 Taxable income $ 1,245 Taxes 374 Net income $ 871 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 190 $ 205 Accounts payable $ 1,310 $ 1,617 Accounts rec. 1,000 900 Long-term debt 990 1,168 Inventory 1,600 1,570 Common stock 3,290 2,940 Total $ 2,790 $ 2,675 Retained earnings 500 750 Net fixed assets 3,300 3,800 Total assets $ 6,090 $ 6,475 Total liab. & equity $ 6,090 $ 6,475 Windswept, Inc., has 340 million shares of stock outstanding. Its price–earnings ratio for 2017 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 m...

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