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Vindswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 448 Accounts receivable 1, 292 Accumulated depreciation 6,758 Cash & equivalents 236 Common
Vindswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 448 Accounts receivable 1, 292 Accumulated depreciation 6,758 Cash & equivalents 236 Common stock 1, 196 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1, 026 Addition to retained earnings 602 Long-term debt 824 Notes payable 230 Gross plant & equipment 10, 260 Retained earnings 3,074 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 500 million Year 1 394 840 6, 642 138 1, 130 n. a. n. a. n. a. n. a. 1,036 n. a. 746 380 10,000 2, 486 n. a. 96 n. a. 17.50 500 million $ Net profit = 832.92 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 e. Asset turnover ratio f. Leverage ratio
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