PLEASE ANSWER ALL 4 MULTIPLE CHOICE QUESTIONS

Use the following information to answer this question. Windswept. Inc Year 2 Income Statement ($ in millions). Net sales $ 9,950 Less: Cost of goods sold 7,430 Less: Depreciation 445 Earnings before interest and taxes $ 2,075 Less: Interest paid 90 Taxable income $ 1,985 Less: Taxes 695 Net income $1,290 Windswept. Ing. Year 1 and Year 2 Balance Sheets ($. in millions). Year 1 Year 2 Cash $ 160 $ 190 Accounts payable Accounts rec. 880 789 Long-term debt Inventory 1,630 1,565 Common stock Total $ 2,670 $ 2,555 Retained earnings Net fixed assets 3,330 3,770 Total assets $ 6,000 $ 6,325 Total liab. & equity Year 1 $ 1,140 1,010 $3,270 580 Year 2 $ 1,265 1,290 $ 2,940 830 $ 6,000 $ 6,325 What is the fixed asset turnover? (use Year 2 values, not an average) 2.23 1.57 2.64 3.89 0.38 Windswept. Inc. Year 2 Income Statement ($ in millions). Net sales $ 8,950 Less: Cost of goods sold 7,410 Less: Depreciation 430 Earnings before interest and taxes $1,110 Less: Interest paid 90 Taxable income $ 1,020 Less: Taxes 357 Net income $ 663 Windswept. Inc. Year 1 and Year 2 Balance Sheets ($ in millions). Year 1 Year 2 Cash $ 160 $ 190 Accounts payable Accounts rec 860 760 Long-term debt Inventory 1,600 1,590 Common stock Total $ 2,620 $ 2,540 Retained earnings Net fixed assets 3,270 3,760 Total assets $ 5,890 $ 6,300 1 Total liab. & equity Year 1 $ 1,090 1,030 $3,200 570 Year 2 $1,210 1,230 $3,040 820 $ 5,890 $ 6,300 What is the quick ratio for Year 2? 1.94 1.31 0.76 2.10 0.79 Which one of the following costs was incurred in the past and cannot be recouped? Incremental. Side. Sunk. Opportunity Erosion. 55 points The Cookie Shoppe expects sales of $3.700 next yeak The profit margin is 5 percent and the firm has a 49 percent dividend payout ratio (DividendNet income. What is the projected increase in retained earnings? $46.25 $90.65 $185.00 594,35 $138.75