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Use the following information to answer this question Windswept, Inc. 2017 Income Statement (S in millions) Net sales Cost of goods sold Depreciation Earnings before
Use the following information to answer this question Windswept, Inc. 2017 Income Statement (S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income %9, 350 7, 600 335 $1, 415 84 $1, 331 399 $ 932 axes Net inc ome Windswept, Inc. 2016 and 2017 Balance Sheets (S in millions) 2017 $1, 420$1,627 1,000 1,188 3, 2202, 960 2016 $210 $ 225 Accounts payable 2017 2016 as Ac counts rec Inventory To tal Net fixed assets Total assets 970 1,640 1, 590 Common stock 870 Long-term debt $2,820$2,685 Retained earnings 520 3, 3403, 860 $6, 160 $6, 545 Total liab. & equity $6, 160 $6, 545 Windswept, Inc., has 360 million shares of stock outstanding. Its price-earnings ratio for 2017 is 12. What is the market price per share of stock? Multiple Cholce $25.89 $17.33
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