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Use the information in the table below to calculate the following ratios far Windswept Woodworks for year 1 and year 2. Round your answers to
Use the information in the table below to calculate the following ratios far Windswept Woodworks for year 1 and year 2. Round your answers to 2 decimal places.) Windswept Woodworks, Inc. millions of dollars) Year 2 Year 1 424 1,268 6,734 212 1.172 Accounts payable Accounts recavable 37 820 6,622 Cash & equivalents Conmon stock Cost of goods soid Dprecialioi cxpeisc Common stock dividends paid Intereat expense n.a n.a 1,016 140 1,002 Addition to retained eamings Long-term debt Notes payable Gross plant& equipment Retained carnings 380 10,000 2,486 n.a 10.280 3,018 Otner current liabilities Tax rate Market price per share - year end Number of shares outstanding 34% S 19.80 $17.50 5C0 million 500 million a. Interest coverage ratio Assume that year 1 EBIT was 1,297 and year 1 interest expense was 120. Year 2 interest coverage ratio Year 1 interest coverage ratio b. Average collection period (Assume that the accounts receivable balance was 950 on December 31 of the previous year and that year 1 sales were 2,700.) Year 2 ACP Year 1 ACP days days
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