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Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,050 Less: Cost of goods sold 7,450 Less: Depreciation 320 Earnings before interest and
Windswept, Inc. 2010 Income Statement ($ in millions) | |
Net sales | $ 9,050 |
Less: Cost of goods sold | 7,450 |
Less: Depreciation | 320 |
Earnings before interest and taxes | $ 1,280 |
Less: Interest paid | 78 |
Taxable Income | $ 1,202 |
Less: Taxes | 361 |
Net income | $ 841 |
Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) | |||||
2009 | 2010 | 2009 | 2010 | ||
Cash | $ 180 | $ 195 | Accounts payable | $ 1,280 | $ 1,577 |
Accounts rec. | 980 | 880 | Long-term debt | 980 | 1,158 |
Inventory | 1,580 | 1,560 | Common stock | $ 3,270 | $ 2,930 |
Total | $ 2,740 | $ 2,635 | Retained earnings | 490 | 740 |
Net fixed assets | 3,280 | 3,770 | |||
Total assets | $ 6,020 | $ 6,405 | Total liab. & equity | $ 6,020 | $ 6,405 |
Windswept, Inc. has 330 million shares of stock outstanding. Its price-earnings ratio for 2010 is 24. What is the market price per share of stock? |
$93.09 | |
$53.82 | |
$61.16 | |
$25.48 | |
$35.64 |
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