Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) $9,400 7,650 380 $1,370 Net sales Less: Cost of

image text in transcribed

Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) $9,400 7,650 380 $1,370 Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: laxes Net income $1,282 449 $833 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 $210$240Accounts payable $1,510 $1,602 1,323 3,2402,970 780 Cash 1,010 990 1,660 890 Long-term debt 1,665 Common stock ccounts rec. Inventory Total Net fixed assets Total assets $2,860 $2,795 Retained earnings 530 3,430 3,880 $6,290$6,675 Total liab. & equity $ 6,2906,675 What is the cash coverage ratio for 2010? 3.84 O 15.57 O 729 19.89 2.73

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook On Second Lien Loans & Intercreditor Agreements

Authors: Mark N. Berman, Jo Ann J. Brighton

1st Edition

0981865593, 978-0981865591

More Books

Students also viewed these Finance questions