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Use the following information to answer this question. Windswept, Incorporated2022 Income Statement(in millions)Net sales$ 9,600Cost of goods sold7,750Depreciation390Earnings before interest and taxes$ 1,460Interest paid92Taxable income$
Use the following information to answer this question.
Windswept, Incorporated2022 Income Statement(in millions)Net sales$ 9,600Cost of goods sold7,750Depreciation390Earnings before interest and taxes$ 1,460Interest paid92Taxable income$ 1,368Taxes479Net income$ 889Windswept, Incorporated2021 and 2022 Balance Sheets(in millions)2021202220212022Cash$ 230$ 260Accounts payable$ 1,510$ 1,632Accounts receivable1,030930Long-term debt1,0301,343Inventory1,7001,695Common stock3,2802,990Total$ 2,960$ 2,885Retained earnings610860Net fixed assets3,4703,940Total assets$ 6,430$ 6,825Total liabilities & equity$ 6,430$ 6,825What is the cash coverage ratio for 2022?
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Choose Wisely
Authors: Eliot Dylan Marr
1st Edition
1498416365, 978-1498416368
