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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 2022 $ 8,850 7,350 310 $ 1,190 74 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 160 $175 840 940 1,540 1,540 $ 2,640 $ 2,555 3,710 3,240 $ 5,880 $ 6,265 $ 1,116 335 $781 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity Windswept, Incorporated, has 310 million shares of stock outstanding. Its price-earnings ratio for 2022 is 20. What is the market price per share of stock?
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