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Windswept Woodworks, Inc. Input Data (millions of dollars) 448 1,292 Accounts receivable 6,642 Cash & equivalents Common stock Cost of goods sold Depreciation expense Common

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Windswept Woodworks, Inc. Input Data (millions of dollars) 448 1,292 Accounts receivable 6,642 Cash & equivalents Common stock Cost of goods sold Depreciation expense Common stock dividends paid Interest expense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment Retained earnings 1.196 746 2,486 Other current liabilities Tax rate Market price per share-year end Number of shares outstanding $ 17.50 500 million 500 million 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 1 intorest 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 saes were 2,700o days days Year 2 ACP Year 2 current ratio Year 1 current ratio

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