Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net sales $ 10,450

Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net sales $ 10,450

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Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) net sales $ 10,450
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Use the following information to answer this question.Windswept, Inc. 2010 Income Statement ($ in millions)net sales$ 10,450Less: cost of goods sold8,150Less: Depreciation390Earnings before interest and taxes$ 1,910Less: Interest paid108taxable income$ 1,802Less taxes541Net Income$ 1,261Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)2009201020092010Money$ 320$ 345Accounts payable$ 1,690$ 2,017rec accounts1,1901,090long term debt1,1101,298Inventory1,8601,700Common actions$ 3,440$ 3,070Total$ 3,370$ 3,135Retained earnings690940net fixed assets3,5604,190total assets$ 6,930$ 7,325full liability & equity$ 6,930$ 7,325Windswept, Inc. has 590 million shares outstanding. Its price-earnings ratio for 2010 is 20. What is the market price per share?

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To calculate the market price per share we need to divide the net income by the number o
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