Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold 7 Depreciation Interest paid Taxable income Taxes Net income $ 8,750 7,300 305 Earnings before interest and taxes $ 1,145 72 Cash Accounts receivable Inventory Total Net fixed assets Total assets $ 1,073 322 $ 751 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 $ 150 $ 165 920 1,520 1,530 730 $ 2,590 $ 2,425 3,220 3,680 $ 5,810 $ 6,105 Accounts payable Long-term debt Common stock Retained earnings Total liabilities Windswept, Incorporated, has 300 million shares of stock outstanding. Its price- earnings ratio for 2022 is 16. What is the market price per share of stock?
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold 7 Depreciation Interest paid Taxable income Taxes Net income $ 8,750 7,300 305 Earnings before interest and taxes $ 1,145 72 Cash Accounts receivable Inventory Total Net fixed assets Total assets $ 1,073 322 $ 751 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 $ 150 $ 165 920 1,520 1,530 730 $ 2,590 $ 2,425 3,220 3,680 $ 5,810 $ 6,105 Accounts payable Long-term debt Common stock Retained earnings Total liabilities Windswept, Incorporated, has 300 million shares of stock outstanding. Its price- earnings ratio for 2022 is 16. What is the market price per share of stock?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Use the following information to answer this question.
Windswept, Incorporated
2022 Income Statement
(in millions)
Net sales
Cost of goods sold
7
Depreciation
Interest paid
Taxable income
Taxes
Net income
$ 8,750
7,300
305
Earnings before interest and taxes
$ 1,145
72
Cash
Accounts receivable
Inventory
Total
Net fixed assets
Total assets
$ 1,073
322
$ 751
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
2021
2022
$ 150
$ 165
920
1,520 1,530
730
$ 2,590 $ 2,425
3,220 3,680
$ 5,810 $ 6,105
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities
Windswept, Incorporated, has 300 million shares of stock outstanding. Its price-
earnings ratio for 2022 is 16. What is the market price per share of stock?
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