Multiple Choice

$25.03

$40.05

$37.87

$61.07

$24.53

Use the following Information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 8,750 Less: Cost of goods sold 7,300 Less: Depreciation 3051 Earnings before Interest and taxes $ 1,145 Less: Interest pald 72 Taxable income $ 1,073 Less: Taxes 322 Net Income $ 751 Windswept, Inc. 2009 and 2010 Balance Sheets ($ In millions) 2009 2010 2009 2010 Cash $ 150 $ 165 Accounts payable $ 1,190 $1,367 Accounts rec. 920 730 Long-term debt 950 1,128 Inventory 1,520 1,530 Common stock $ 3,210 $ 2.900 Total $ 2,590 $ 2.425 Retained earnings 460 710 Net fixed assets 3,220 3,680 Total assets $ 5,810 S 6,105 Total liab. & equity $ 5,810 S 6,105 Windswept, Inc. has 300 million shares of stock outs 2010 is 16. What is the market price per share of stock? ng. Its price-earnings ratio for