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 Taxes Net income Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 270 1, 090 1,760 $ 3, 120 3, 460 $ 6, 580 2021 $ 290 990 1, 650 $ 9,950 7, 900 365 $1,685 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) $ 2,930 4, 040 $ 6,970 98 $ 1,587 333 $ 1,254 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $1,540 1, 060 3, 340 640 $ 6, 580 2021 $ 1,812 1, 248 3,020 890 $ 6,970 Windswept, Incorporated, has 540 million shares of stock outstanding. Its price-earnings ratio for 2021 is 15. What is the market price per share of stock?

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 Taxes Net income Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 270 1, 090 1,760 $ 3, 120 3, 460 $ 6, 580 2021 $ 290 990 1, 650 $ 9,950 7, 900 365 $1,685 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) $ 2,930 4, 040 $ 6,970 98 $ 1,587 333 $ 1,254 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $1,540 1, 060 3, 340 640 $ 6, 580 2021 $ 1,812 1, 248 3,020 890 $ 6,970 Windswept, Incorporated, has 540 million shares of stock outstanding. Its price-earnings ratio for 2021 is 15. What is the market price per share of stock?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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302. Subject : - finance