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begin{tabular}{|c|c|c|} hline multicolumn{3}{|c|}{begin{tabular}{c} Windswept Woodworks, Incorporated Input Data (millions of dollars) end{tabular}} hline & Year 2 & Year 1 hline Accounts

image text in transcribedimage text in transcribed \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{\begin{tabular}{c} Windswept Woodworks, Incorporated \\ Input Data \\ (millions of dollars) \end{tabular}} \\ \hline & Year 2 & Year 1 \\ \hline Accounts payable & 582 & 514 \\ \hline Accounts receivable & 1,426 & 960 \\ \hline Accumulated depreciation & 6,892 & 6,762 \\ \hline Cash & equivalents & 370 & 258 \\ \hline Common stock & 1,330 & 1,250 \\ \hline Cost of goods sold & 1,550 & n.a. \\ \hline Depreciation expense & ? & n.a. \\ \hline Common stock dividends paid & ? & n.a. \\ \hline Interest expense & 190 & n.a. \\ \hline Inventory & 1,160 & 1,156 \\ \hline Addition to retained earnings & 602 & n.a. \\ \hline Long-term debt & 958 & 866 \\ \hline Notes payable & 280 & 430 \\ \hline Gross plant \& equipment & 10,460 & 10,200 \\ \hline Retained earnings & 3,208 & 2,606 \\ \hline Sales & 3,068 & n.a. \\ \hline Other current liabilities & 166 & 146 \\ \hline Tax rate & 21% & n.a. \\ \hline Market price per share - year end & $23.80 & $21.50 \\ \hline Number of shares outstanding & 500 & 500 million \\ \hline \end{tabular} Number of shares outstanding 500 million 500 million Net profit =946.42 Required: a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.)

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