Windswept Woodworks, Inc. Input Data (millions of dollars) Accounts payable Tear 2 Year 1 522 Accounts receivable 454 Accumulated depreciation 1,376 910 6,842 Cash 6 equivalents 6,712 Common stock 310 196 1,280 1,200 Cost of goods sold 1,500 n.. Depreciation expense ? Common stock dividends paid 2 n.. Interest expense 140 Inventory 1,110 1,106 Addition to retained earnings 602 n.. Long-term debt 900 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,158 2,556 Sales 3,018 n.. Other current liabilities 116 96 Tax rate 348 $ 17.50 $ 19.80 Market price per share - year and 500 million 500 million Number of shares outstanding 16 Liabilities and Equity Assets Year 2 Year 1 Year 2 Year 1 $ s $ s Current assets Cash equivalents Accounts receivable Inventory Total current assets $ $ $ $ Liabilities Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Total Habilities $ $ S $ $ $ $ $ s Fixed assets Spense Inventory Addition to retained earnings Long-term debt Notes payable Gross plant & equipment Retained earnings Sales Other current liabilities Tax rate Market price per share Number of shares outstanding 140 n. 1,110 1,106 602 908 816 230 380 10,260 10,000 3,158 2,556 3,018 n.a. 116 96 340 $19.80 $ 17.50 500 million 500 million year end Assets Liabilities and Equity Year 2 Year 1 Year 2 Year 1 $ Current assets Cash &equivalents Accounts receivable Inventory Total current assets $ $ $ $ $ $ $ Liabilities Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Total liabilities $ $ s $ $ $ $ s $ $ $ Fixed assets Gross plant & equipment Accumulated depreciation Net plant and equipment $ $ s $ $ Owners' equity Common stock Retained earnings Total equity S $ $ $ $ $ Total assets $ Total liabilities and equity