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Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of

Windswept, Inc., has 350 million shares of stock outstanding Its price-earnings ratio for 2017 is 12. What is the market pric

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Answer #1
Earnings per share = Net income / Shares of stock outstanding = 902000000 / 350000000 2.5771
Market price per share = Earnings per share * Price-earnings ratio = 2.58 * 12 30.93
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