Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts payable 424 374 Accounts receivable 1,268 820 Accumulated depreciation 6,734 6,622 Cash & equivalents 212 118 Common stock 1,172 1,110 Cost of goods sold 1,500 n.a. Depreciation expense ? n.a. Common stock dividends paid ? n.a. Interest expense 140 n.a. Inventory 1,002 1,016 Addition to retained earnings 602 n.a. Long-term debt 800 726 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,050 2,466 Sales 3,018 n.a. Other current liabilities 116 96 Tax rate 34 % n.a. Market price per share year end $ 19.80 $ 17.50 Number of shares outstanding 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 interest 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 sales were 2,700.) Year 2 ACP days Year 1 ACP days c. Current ratio Year 2 current ratio Year 1 current ratio d. Quick ratio Year 2 quick ratio Year 1 quick ratio