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Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net
Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets A) 1.68 times. B) 2.42 times C) 2.08 times D) 3.01 times E) 1.26 times Windswept, Incorporated 2020 and 2021 Balance Sheets 2020 Windswept, Incorporated 2021 Income Statement ($ in millions) 800 $ 140 $ 120 1,510 -$ 2,450 3,200 $ 5,650 ($ in millions) 2021 720 1,535 $ 2,375 3,640 What is the equity multiplier for 2021? $ 6,015 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 3,150 450 $ 8,700 7,250 350 $ 1,100 83 $ 1,017 214 $ 803 $ $ 1,070 1,212 980 1,213 $ 5,650 2021 2,890 700 $ 6,015
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