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Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to

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Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to 2 decimal places.) Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 436 Accounts receivable 1,280 Accumulated depreciation 6,746 Cash & equivalents 224 Common stock 1,184 Cost of goods sold 1,500 Depreciation expense 2 Common stock dividends paid ? Interest expense 140 Inventory 1,014 Addition to retained earnings 602 Long-term debt 812 Notes payable 230 Gross plant 6 equipment 10,260 Retained earnings 3,062 Sales 3,010 Other current liabilities 116 Tax rate 348 Market price per share - year end $19.80 Number of shares outstanding 500 million es Year 1 384 830 6,632 128 1,120 n.a. n.. n.. n.a. 1,026 n.a. 736 380 10,000 2,476 .. 96 n.. $17.50 500 million Check my w 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 i 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 c. Current ratio Year 2 current ratio Year 1 current ratio d. Quick 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 c. Current ratio Year 2 current ratio Year 1 current ratio d. Quick ratio Year 2 quick ratio Year 1 quick ratio

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