Question: Help Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings

Help Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income $ 9,350 7,600 335 $ 1,415 84 $ 1,331 280 Taxes Net income $ 1,051 2020 2021 Cash Accounts received Inventory Total Net fixed assets Windswept, Incorporated 2820 and 2021 Balance Sheets ($ in millions) 2020 2021 $ 210 $ 225 Accounts payable 970 870 Long-term debt 1,640 1,590 Common stock $ 2,820 $ 2,685 Retained earnings 3,340 3,860 $ 6,160 $ 6,545 Total liabilities & equity $ 1,420 1,000 3,220 520 $ 1,627 1,188 2,960 770 Total assets $ 6,160 $ 6,545 Windswept. Incorporated, has 360 million shares of stock outstanding. Its price-earnings ratio for 2021 is 12. What is the market price per share of stock?

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