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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 ( $ 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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