Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts
Use the information in the table below to answer the following questions.
Windswept Woodworks, Inc. | |||||||
Input Data | |||||||
(millions of dollars) | |||||||
Year 2 | Year 1 | ||||||
Accounts payable | 472 | 414 | |||||
Accounts receivable | 1,316 | 860 | |||||
Accumulated depreciation | 6,782 | 6,662 | |||||
Cash & equivalents | 260 | 158 | |||||
Common stock | 1,220 | 1,150 | |||||
Cost of goods sold | 1,500 | n.a. | |||||
Depreciation expense | ? | n.a. | |||||
Common stock dividends paid | ? | n.a. | |||||
Interest expense | 140 | n.a. | |||||
Inventory | 1,050 | 1,056 | |||||
Addition to retained earnings | 602 | n.a. | |||||
Long-term debt | 848 | 766 | |||||
Notes payable | 230 | 380 | |||||
Gross plant & equipment | 10,260 | 10,000 | |||||
Retained earnings | 3,098 | 2,506 | |||||
Sales | 3,018 | n.a. | |||||
Other current liabilities | 116 | 96 | |||||
Tax rate | 34 | % | n.a. | ||||
Market price per share year end | $ | 19.80 | $ | 17.50 | |||
Number of shares outstanding | 500 | million | 500 | million | |||
Net profit = $830.28
Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.)
Profit Margin ratio
Tax burden ratio
Interest burden ratio
asset turnover ratio
leverage ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started