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What is the return on equity for 2022? Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 9,900 Cost of goods sold 7,900 Depreciation
What is the return on equity for 2022?
Windswept, Incorporated | |
---|---|
2022 Income Statement | |
(in millions) | |
Net sales | $ 9,900 |
Cost of goods sold | 7,900 |
Depreciation | 465 |
Earnings before interest and taxes | $ 1,535 |
Interest paid | 98 |
Taxable income | $ 1,437 |
Taxes | 503 |
Net income | $ 934 |
Windswept, Incorporated | |||||
---|---|---|---|---|---|
2021 and 2022 Balance Sheets | |||||
(in millions) | |||||
2021 | 2022 | 2021 | 2022 | ||
Cash | $ 270 | $ 305 | Accounts payable | $ 1,580 | $ 1,760 |
Accounts receivable | 1,090 | 990 | Long-term debt | 1,060 | 1,385 |
Inventory | 1,760 | 1,730 | Common stock | 3,340 | 3,020 |
Total | $ 3,120 | $ 3,025 | Retained earnings | 640 | 890 |
Net fixed assets | 3,500 | 4,030 | |||
Total assets | $ 6,620 | $ 7,055 | Total liabilities & equity | $ 6,620 | $ 7,055 |
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