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1) Hi, this is part 2. Appreciate with your help and answers. Thanks 2) 3) 4) 5) Use the following information to answer this question
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Hi, this is part 2. Appreciate with your help and answers. Thanks
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Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in millions Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income $ 10,000 7,950 47 $1,580 10 $1,48 ess: Taxes Net income $ 962 Winds Inc. 2009 and 2010 Balance Sheets ($ in millions 2009 2010 2009 2010 $ 1,610 $ 1,805 $ 280 1,11 1,78 S 31 1,74 4,06 ounts payable nts rec 1,010 Long-term debt Inventory mon stock $ 3,360 $ 3,030 170 3,520 $ 3,070 Retained earnings 65 90 otal Net fixed assets Total assets S 3, $ 6,690 $7,130 Total liab. & equity $ 6,69 What is the return on equity for 2010? 30.11 percent 24.48 percent 52.15 percent 31.75 percent 40.20 percentStep by Step Solution
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