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13 0.24 points eBook Print References Use the information in the table below to answer the following questions. Accounts payable Accounts receivable Accumulated depreciation Cash
13 0.24 points eBook Print References Use the information in the table below to answer the following questions. Accounts payable Accounts receivable Accumulated depreciation Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment Retained earnings Sales Other current liabilities Tax rate Windswept Woodworks, Incorporated Input Data (millions of dollars) Market price per share - year end Number of shares outstanding Net profit = 970.12 Year 2 552 1,396 6,862 340 1,300 1,520 ? ? 160 1,130 602 928 250 10,340 3,178 3,038 136 218 $ 20.80 500 million Year 1 484 930 6,732 228 1,220 n.a. n.a. n.a. n.a. 1,126 n.a. 836 400 10,080 2,576 n.a. 116 n.a. $ 18.50 500 million Required: a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.)
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