Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net
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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? |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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