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Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 424
Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 424 Accounts receivable 1,268 Accumulated depreciation 6,734 Cash & equivalents 212 Common stock 1,172 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,002 Addition to retained earnings 602 Long-term debt 800 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,050 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share $ 19.80 Number of shares outstanding 500 million Year 1 374 820 6,622 118 1,110 n.a. n.a. n.a. n.a. 1,016 n.a. 726 380 10,000 2,466 n.a. 96 year end $ n. a. 17.50 500 million Net profit = 835.56 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin c. Tax burden ratio d. Interest burden ratio e. Asset turnover ratio F. Leverage ratio Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 424 Accounts receivable 1,268 Accumulated depreciation 6,734 Cash & equivalents 212 Common stock 1,172 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,002 Addition to retained earnings 602 Long-term debt 800 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,050 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share $ 19.80 Number of shares outstanding 500 million Year 1 374 820 6,622 118 1,110 n.a. n.a. n.a. n.a. 1,016 n.a. 726 380 10,000 2,466 n.a. 96 year end $ n. a. 17.50 500 million Net profit = 835.56 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin c. Tax burden ratio d. Interest burden ratio e. Asset turnover ratio F. Leverage ratio
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