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

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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