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Use the following information to answer this question: Windswept, Incorporated 2 0 2 1 Income Statement ( $ in millions ) Net sales $ 8

Use the following information to answer this question:
Windswept, Incorporated
2021 Income Statement
($ in millions)
Net sales $ 8,950
Cost of goods sold 7,400
Depreciation 315
Earnings before interest and taxes $ 1,235
Interest paid 76
Taxable income $ 1,159
Taxes 243
Net income $ 916
Windswept, Incorporated
2020 and 2021 Balance Sheets
($ in millions)
2020202120202021
Cash $ 170 $ 185 Accounts payable $ 1,250 $ 1,537
Accounts received 960860 Long-term debt 9701,148
Inventory 1,5601,550 Common stock 3,2502,920
Total $ 2,690 $ 2,595 Retained earnings 480730
Net fixed assets 3,2603,740
Total assets $ 5,950 $ 6,335 Total liabilities & equity $ 5,950 $ 6,335
Windswept, Incorporated, has 320 million shares of stock outstanding. Its price-earnings ratio for 2021 is 20. What is the market price per share of stock?
Multiple Choice
$45.63
$30.00
$77.19
$28.63
$57.25

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