See Attachment..

1. SDJ, Inc., has net working capital of $1,490, current liabilities of $4,660, and inventory of $1,845.

(a) What is the current ratio?

(b) What is the quick ratio?

2. Wakers, Inc., has sales of $32 million, total assets of $24 million, and total debt of $9 million.

(a) If the profit margin is 8 percent, what is the net income?

(b) What is the ROA?

(c) What is the ROE?

3. Ortiz Lumber Yard has a current accounts receivable balance of $317,615. Credit sales for the year just ended were $2,938,600.

(a) What is the receivables turnover?

(b) What is the days' sales in receivables?

4. Crystal Lake, Inc., has a total debt ratio of 0.31.

(a) What is its debt-equity ratio?

(b) What is its equity multiplier?

5. Use the following information to answer this question.

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales	$ 9,600
Less: Cost of goods sold	7,810
Less: Depreciation	470
Earnings before interest and taxes	$ 1,320
Less: Interest paid	106
Taxable Income	$ 1,214
Less: Taxes	425
Net income	$ 789

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010		2009	2010
Cash	$ 240	$ 270	Accounts payable	$ 1,410	$ 1,410
Accounts rec.	1,020	920	Long-term debt	1,110	1,310
Inventory	1,840	1,710	Common stock	$ 3,360	$ 3,280
Total	$ 3,100	$ 2,900	Retained earnings	650	900
Net fixed assets	3,430	4,000
Total assets	$ 6,530	$ 6,900	Total liab. & equity	$ 6,530	$ 6,900

What is the quick ratio for 2010?

6. Use the following information to answer this question.

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales	$ 11,550
Less: Cost of goods sold	8,200
Less: Depreciation	445
Earnings before interest and taxes	$ 2,905
Less: Interest paid	110
Taxable Income	$ 2,795
Less: Taxes	978
Net income	$ 1,817

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010		2009	2010
Cash	$ 330	$ 360	Accounts payable	$ 1,990	$ 2,067
Accounts rec.	1,210	1,110	Long-term debt	1,120	1,403
Inventory	2,150	1,820	Common stock	$ 3,460	$ 3,080
Total	$ 3,690	$ 3,290	Retained earnings	700	950
Net fixed assets	3,580	4,210
Total assets	$ 7,270	$ 7,500	Total liab. & equity	$ 7,270	$ 7,500

What is the equity multiplier for 2010?

1. SDJ, Inc., has net working capital of $1,490, current liabilities of $4,660, and inventory of $1,845. (a) What is the current ratio? (b) What is the quick ratio? 2. Wakers, Inc., has sales of $32 million, total assets of $24 million, and total debt of $9 million. (a) If the profit margin is 8 percent, what is the net income? (b) What is the ROA? (c) What is the ROE? 3. Ortiz Lumber Yard has a current accounts receivable balance of $317,615. Credit sales for the year just ended were $2,938,600. (a) What is the receivables turnover? (b) What is the days' sales in receivables? 4. Crystal Lake, Inc., has a total debt ratio of 0.31. (a) What is its debt-equity ratio? (b) What is its equity multiplier? 5. Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,600 Less: Cost of goods sold 7,810 470 Less: Depreciation Earnings before interest and taxes $ 1,320 106 Less: Interest paid Taxable Income $ 1,214 425 Less: Taxes $ 789 Net income Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 Cash $ 240 $ 270Accounts payable $ 1,410 Accounts rec. 1,020 920Long-term debt 1,110 1,840 1,710Common stock Inventory $ 3,360 650 Total $ 3,100 $ 2,900Retained earnings 2010 $ 1,410 1,310 $ 3,280 900 Net fixed assets Total assets 3,430 $ 6,530 4,000 $ 6,900Total liab. & equity $ 6,530 $ 6,900 What is the quick ratio for 2010? Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 11,550 Less: Cost of goods sold 8,200 445 Less: Depreciation Earnings before interest and taxes $ 2,905 110 Less: Interest paid Taxable Income $ 2,795 978 Less: Taxes $ 1,817 Net income Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 Cash $ 330 $ 360Accounts payable $ 1,990 Accounts rec. 1,210 1,110Long-term debt 1,120 2,150 1,820Common stock Inventory $ 3,460 700 Total $ 3,690 $ 3,290Retained earnings 3,580 4,210 Net fixed assets $ 7,270 $ 7,500Total liab. & equity $ 7,270 Total assets What is the equity multiplier for 2010? 2010 $ 2,067 1,403 $ 3,080 950 $ 7,500