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what is the equity multiplier for 2017 and the cash coverage ratio for 2017. thanks Use the following information to answer this question. Windswept, Inc.
what is the equity multiplier for 2017 and the cash coverage ratio for 2017. thanks
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $8,700 7,250 350 $1,100 $1,017 356 $ 661 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 140 $ 120 Accounts payable 720 Long term debt 1,5101,535 common stock Retained earnings 2016 2017 $1,070 $1,212 980 1,213 3,150 2,890 450 700 800 Cash Accounts rec Inventory Total Net fixed assets Total assets ab $5,650 $6,015 equity Tota 650 9 a 25 What is the equity multiplier for 2017Step by Step Solution
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