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3. Please answer the following questions ( 10 marks): Windswept, Inc. 2008 Income Statement ( $ in millions) Windswept, Inc. 2007 and 2008 Balance Sheets

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3. Please answer the following questions ( 10 marks): Windswept, Inc. 2008 Income Statement ( $ in millions) Windswept, Inc. 2007 and 2008 Balance Sheets ( S in millions) a. What is the quick ratio for 2008? (2.5 marks) b. What is the equity multiplier for 2008? ? 2.5 marks) c. What is the return on equity for 2008? ( 2.5 marks) d. Windswept, Inc. has 90 million shares of stock outstanding. Its price-earnings ratio for 2008 is 12 . What is the market price per share of stock? (2.5 marks)

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