Question
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,850 Cost of goods sold 7,850
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,850 Cost of goods sold 7,850 Depreciation 360 Earnings before interest and taxes $ 1,640 Interest paid 96 Taxable income $ 1,544 Taxes 463 Net income $ 1,081 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 260 $ 280 Accounts payable $ 1,510 $ 1,772 Accounts rec. 1,070 970 Long-term debt 1,050 1,238 Inventory 1,740 1,640 Common stock 3,320 3,010 Total $ 3,070 $ 2,890 Retained earnings 630 880 Net fixed assets 3,440 4,010 Total assets $ 6,510 $ 6,900 Total liab. & equity $ 6,510 $ 6,900 Windswept, Inc., has 530 million shares of stock outstanding. Its priceearnings ratio for 2017 is 24. What is the market price per share of stock? Multiple Choice $28.53 $39.85 $20.40 $48.95 $74.26 Next Visit question mapQuestion 4 of 10 Total4 of 10 Prev
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