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Use the following information to answer this question 72 Taxes Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,750 Cost of goods

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Use the following information to answer this question 72 Taxes Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,750 Cost of goods sold 7,300 Depreciation 305 Earnings before interest and taxes $ 1,145 Interest paid Taxable income $ 1,073 322 Net Income $ 751 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 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 Netfixed assets 3,220 3,680 Total assets $5,810 $ 6,105 Totalllab, & equity $ 5.810 $ 6,105 Windswept. Inc., has 300 million shares of stock outstanding. Its price-earnings ratio for 2017 is 16. What is the market price per share of stock

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