Question: Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net sales $ 10,450 Less: cost of goods sold
| Use the following information to answer this question. |
| Windswept, Inc. 2010 Income Statement ($ in millions) | |
| net sales | $ 10,450 |
| Less: cost of goods sold | 8,150 |
| Less: Depreciation | 390 |
| Earnings before interest and taxes | $ 1,910 |
| Less: Interest paid | 108 |
| taxable income | $ 1,802 |
| Less taxes | 541 |
| Net Income | $ 1,261 |
| Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) | |||||
2009 | 2010 | 2009 | 2010 | ||
| Money | $ 320 | $ 345 | Accounts payable | $ 1,690 | $ 2,017 |
| rec accounts | 1,190 | 1,090 | long term debt | 1,110 | 1,298 |
| Inventory | 1,860 | 1,700 | Common actions | $ 3,440 | $ 3,070 |
| Total | $ 3,370 | $ 3,135 | Retained earnings | 690 | 940 |
| net fixed assets | 3,560 | 4,190 | |||
| total assets | $ 6,930 | $ 7,325 | full liability & equity | $ 6,930 | $ 7,325 |
Windswept, Inc. has 590 million shares outstanding. Its price-earnings ratio for 2010 is 20. What is the market price per share? |
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