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Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,650 Cost of goods sold 7,250 Depreciation 300 Earnings before interest and taxes $

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 8,650
Cost of goods sold 7,250
Depreciation 300
Earnings before interest and taxes $ 1,100
Interest paid 70
Taxable income $ 1,030
Taxes 309
Net income $ 721

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 140 $ 155 Accounts payable $ 1,160 $ 1,302
Accounts rec. 900 710 Long-term debt 940 1,118
Inventory 1,500 1,520 Common stock 3,190 2,890
Total $ 2,540 $ 2,385 Retained earnings 450 725
Net fixed assets 3,200 3,650
Total assets $ 5,740 $ 6,035 Total liab. & equity $ 5,740 $ 6,035

Windswept, Inc., has 250 million shares of stock outstanding. Its priceearnings ratio for 2017 is 15. What is the market price per share of stock?

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