Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Use the following information to answer this question.
Windswept, Incorporated
2022 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 receivable
Inventory
Total
Net fixed assets
Total assets
Multiple Choice
O
O
O
$28.84
O $43.50
O
$66.00
$27.00
2021
$43.26
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
$ 140
900
$ 8,650
7,250
300
$ 1,100
70
$ 1,030
309
$ 721
2022
Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share
of stock?
$ 155
710
1,520
1,500
$ 2,540 $2,385
3,200
3,650
$ 5,740 $ 6,035
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities & equity
2021
$1,160
940
3,190
450
2022
$ 1,302
1,118
2,890
725
$5,740 $ 6,035
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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 Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets Multiple Choice O O O $28.84 O $43.50 O $66.00 $27.00 2021 $43.26 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 140 900 $ 8,650 7,250 300 $ 1,100 70 $ 1,030 309 $ 721 2022 Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share of stock? $ 155 710 1,520 1,500 $ 2,540 $2,385 3,200 3,650 $ 5,740 $ 6,035 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,160 940 3,190 450 2022 $ 1,302 1,118 2,890 725 $5,740 $ 6,035
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