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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement $ In millions) Net sales Cost of goods sold Depreclation Earnings before
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement $ In millions) Net sales Cost of goods sold Depreclation Earnings before interest and taxes Interest paid Taxable Income Taxes Net income 9,050 7,450 320 $ 1,280 78 $ 1,202 361 $841 Windswept, Inc. 2016 and 2017 Balance Sheets $ In millions) 2016 $180 $ 195 Accounts payable 2017 2016 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets $ 1,280 1,577 1,158 3,270 2,930 740 980 1,580 880 Long-term debt 1,560 Common stock 980 $2,740 2,635 Retained earnings 490 3,280 5.70 3,770 6,020 6,405 Total liab. &equity $6,020 6,405 Windswept, Inc., has 330 million shares of stock outstanding. Its price-earnings ratio for 2017 is 24. What is the market price per share of stock? O $93.09 O $25.48 O $61.16 O $53.82 O $35.64
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