Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 260 $ 280 Accounts payable $ 1,510 $ 1,772 Accounts rec. 1,070 970 Long-term debt 1,050 1,238 Inventory 1,740 1,640 Common stock 3,320 3,010 Total $ 3,070 $ 2,890 Retained earnings 630 880 Net fixed assets 3,440 4,010 Total assets $ 6,510 $ 6,900 Total liab. & equity $ 6,510 $ 6,900 Windswept, Inc., has 530 million shares of stock outstanding. Its price–earnings ratio for 2017 is 24. What is the market price per share of stock?

$74,16

Explanation:

Note : I have attached the full question as images below !

Price Earning ratio = Price per share ÷ Earnings per share

                               = $24

Where,

Earnings per share = Earnings attributable to Common Stock holders ÷ Weighted Average Number of Common Stock Outstanding

therefore,

Earnings per share = $1,640 ÷ 530 = $3.09

so,

Market Price per share = Price Earning ratio x Earnings per share

Market Price per share = $24 x $3.09

                                       = $74,16

i think it is sales-oriented, but i am not sure

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;