Question
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net sales $ 10,450 Less: cost of goods sold
Use the following information to answer this question. |
Windswept, Inc. 2010 Income Statement ($ in millions) | |
net sales | $ 10,450 |
Less: cost of goods sold | 8,150 |
Less: Depreciation | 390 |
Earnings before interest and taxes | $ 1,910 |
Less: Interest paid | 108 |
taxable income | $ 1,802 |
Less taxes | 541 |
Net Income | $ 1,261 |
Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) | |||||
2009 | 2010 | 2009 | 2010 | ||
Money | $ 320 | $ 345 | Accounts payable | $ 1,690 | $ 2,017 |
rec accounts | 1,190 | 1,090 | long term debt | 1,110 | 1,298 |
Inventory | 1,860 | 1,700 | Common actions | $ 3,440 | $ 3,070 |
Total | $ 3,370 | $ 3,135 | Retained earnings | 690 | 940 |
net fixed assets | 3,560 | 4,190 | |||
total assets | $ 6,930 | $ 7,325 | full liability & equity | $ 6,930 | $ 7,325 |
Windswept, Inc. has 590 million shares outstanding. Its price-earnings ratio for 2010 is 20. What is the market price per share? |
Step by Step Solution
3.35 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the market price per share we need to divide the net income by the number of ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App