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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 . Windswept Woodworks, Incorporated
Use the information in the table below to calculate the following ratios for Windswept Woodworks for year and year
Windswept Woodworks, Incorporated
Input Data
millions of dollars
Year Year
Accounts payable
Accounts receivable
Accumulated depreciation
Cash & equivalents
Common stock
Cost of goods sold na
Depreciation expense na
Common stock dividends paid na
Interest expense na
Inventory
Addition to retained earnings na
Longterm debt
Notes payable
Gross plant & equipment
Retained earnings
Sales na
Other current liabilities
Tax rate na
Market price per share year end $ $
Number of shares outstanding million million
For all requirements, round your answers to decimal places.
Required:
a Interest coverage ratio Assume that year EBIT was and year interest expense was Year Interest coverage ratio: Year Interest coverage ratio: b Average collection period Assume that the accounts receivable balance was on December of the previous year and that year sales were Use days in a year.
Year ACP:
Year ACP:
c Current ratio
Year Current ratio:
Year Current Ratio:
d Quick ratio
Year Quick ratio:
Year Quick ratio:
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