100% 90 llapse 01:17:59 Windswept, Incorporated 2017 Income Statement (S in millions) Net sales $ 9,850 Cost of goods sold Depreciation 7,850 360 Earnings before interest and taxes $ 1,640 Interest paid 96 Taxable income $ 1,544 Taxes 463 Net income $ 1,081 windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 Cash $ 1,510 $ 260 1,070 1,740 Accounts payable Long-term debt Accounts receivable 1,050 970 1,640 Inventory Common stock 3,320 630 Total Retained earnings 880 $ 3,070 3,440 $ 2,890 4,010 Net fixed assets $ 6,510 $ 6,900 $ 6,900 $ 6,510 Total assets Total liability & equity Windswept, Incorporated, has 530 million shares of stock outstanding. Its price-earnings ratio for 2017 is 24. What is the market price per share of stock? 2016 2017 $1,772 1,238 3,018