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Use the following information to answer this question: Windswept, Incorporated 2 0 2 4 Income Statement ( $ in millions ) Net sales $ 1

Use the following information to answer this question:
Windswept, Incorporated
2024 Income Statement
($ in millions)
Net sales $ 10,050
Cost of goods sold 7,950
Depreciation 370
Earnings before interest and taxes $ 1,730
Interest paid 100
Taxable income $ 1,630
Taxes 342
Net income $ 1,288
Windswept, Incorporated
2023 and 2024 Balance Sheets
($ in millions)
2023202420232024
Cash $ 280 $ 300 Accounts payable $ 1,570 $ 1,852
Accounts received 1,1101,010 Long-term debt 1,0701,258
Inventory 1,7801,660 Common stock 3,3603,030
Total $ 3,170 $ 2,970 Retained earnings 650900
Net fixed assets 3,4804,070
Total assets $ 6,650 $ 7,040 Total liabilities & equity $ 6,650 $ 7,040
Windswept, Incorporated, has 550 million shares of stock outstanding. Its price-earnings ratio for 2024 is 12. What is the market price per share of stock?

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