Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

gEnabled: Final i Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid

image text in transcribed

gEnabled: Final i Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,450 7,650 340 $ 1,460 88 $ 1,372 412 $ 960 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) Long-term debt 2021 2022 2021 Cash Accounts receivable Inventory Total 990 1,660 $ 2,870 $ 2,725 $ 220 $ 235 Accounts payable $ 1,450 2022 $ 1,667 890 1,600 1,010 3,240 530 1,198 2,970 780 Net fixed assets 3,360 3,890 Total assets $ 6,230 $ 6,615 Common stock Retained earnings Total liabilities & equity $ 6,230 $ 6,615 Windswept, Incorporated, has 370 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share of stock?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Brigham, Daves

10th Edition

978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573

More Books

Students also viewed these Finance questions