Use the following information to answer this question Windswept, Incorporated 2021 Income Statement ($ in millions)...
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Use the following information to answer this question Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income. Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 200 970 1,640 $ 2,810 3,410 $ 6,220 What is the cash coverage ratio for 2021? 2021 $ 230 870 $ 9,300 7,600 375 $ 1,325 99 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 1,650 $ 2,750 3,850 $ 6,600 $1,2261 257 $ 969 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,480 1,000 3,220 520 $ 6,220 2021 $1,557 1,313 2,960 770 $ 6,600 Use the following information to answer this question Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income. Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 200 970 1,640 $ 2,810 3,410 $ 6,220 What is the cash coverage ratio for 2021? 2021 $ 230 870 $ 9,300 7,600 375 $ 1,325 99 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 1,650 $ 2,750 3,850 $ 6,600 $1,2261 257 $ 969 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,480 1,000 3,220 520 $ 6,220 2021 $1,557 1,313 2,960 770 $ 6,600
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The cash coverage ratio is calculated as follows Ca... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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