Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,650 7,750 350 $1,550 92 $1,458 437 $1,021 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions 2016 2017 $ 240 $ 255 Accounts payable 1,630 930 Long-term debt 1,700 1,620 Common stock $2,970 $2,805 Retained earnings 3,400 3,950 $6,370 $6,755 Total liab. & equity 2016 2017 $1,450 $1,687 1,030 1,218 3,280 2,990 610 860 $6,378 $6,755 Windswept, Inc., has 510 million shares of stock outstanding. Its price-earnings ratio for 2017 15 20 What is the market price per share of stock Multiple Choice $40.04 56078 Cash Accounts rec. Inventory Total Net fixed assets 2016 2017 $ 240 $ 255 Accounts payable 1,930 930 Long-term debt 1,700 1,620 Common stock $2,970 $2,805 Retained earnings 3,400 3,950 $6,370 $6,755 Total liab. & equity 2016 2017 $1,450 $1,687 1,030 1,218 3,280 2,990 610 860 Total assets $6,370 $6,755 Windswept, Inc has 510 milion shares of stock outstanding. Its price-earnings ratio for 2017 is 20 What is the market price per share of stock? Multiple Choice $40.04 96078 $3373 O $23.92 52002