Question: Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $8,950 7,400 Net sales Cost of goods sold Depreciation

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $8,950 7,400 Net sales Cost of goods sold Depreciation 315 $1,235 Earnings before interest and taxes Interest paid 76 $1,159 Taxable income Taxes 348 $ 811 Net income Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 2017 $170 $ 185 $1,250 $1,537 Cash Accounts payable Accounts rec. 960 860 Long-term debt 970 1,148 1,550 $2,690 $2,595 3,740 Inventory Common stock 3,250 1,560 2,920 Retained earnings Total 480 730 3,260 $5,950 $6,335 Net fixed assets Total liab. & equity $5,950 $6,335 Total assets Windswept, Inc., has 320 million shares of stock outstanding. Its price-earnings ratio for 2017 is 20. What is the market price per share of stock
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