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Use the following Information to answer this question. 12 0119- Mindswept, Inc. 2017 Income statement ($ in millions Net sales Cost of goods sold Depreciation
Use the following Information to answer this question. 12 0119- Mindswept, Inc. 2017 Income statement ($ in millions Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 59,150 7,500 325 $1,325 00 51,245 374 5 871 Cash Accounts rec. Inventory Total Net fixed asset Total assets Windswept, Inc 2016 and 2017 Balance Sheets ($ in million) 2016 2017 51905 205 Accounts payable 1.000 900 Long-ter debt 1.600 1.520 Common stock $2790 $2.675 Retained earnings 3,300 3,800 $6,090 56.475 Total llab. 6 equity 2016 2017 $1,310 51.617 990 1,168 3,290 2,940 500 750 56,090 $6,475 Windswept, Inc., has 340 million shares of stock outstanding. Its price-carnings ratio for 2017 i 15. What is the market price per share of stock
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