Additional Problem $14-4$

Use the information in the table below to answer the following questions.

Windswept Woodworks, Incorporated

Input Data

$($millions of dollars$)$

Year $2$ Year $1$

Accounts payable $572504$

Accounts receivable $1,416950$

Accumulated depreciation $6,8826,752$

Cash & equivalents $360248$

Common stock $1,3201,240$

Cost of goods sold $1,540$ n$.$a$.$

Depreciation expense $?$ n$.$a$.$

Common stock dividends paid $?$ n$.$a$.$

Interest expense $180$ n$.$a$.$

Inventory $1,1501,146$

Addition to retained earnings $602$ n$.$a$.$

Long$-$term debt $948856$

Notes payable $270420$

Gross plant & equipment $10,42010,160$

Retained earnings $3,1982,596$

Sales $3,058$ n$.$a$.$

Other current liabilities $156136$

Tax rate $21\%$ n$.$a$.$

Market price per share $$ year end $ $22\mathrm{.}80$ $ $20\mathrm{.}50$

Number of shares outstanding $500$ million $500$ million

Net profit $=954\mathrm{.}32$

Required:

a$.$ Calculate Windswept Woodworks$$ return on equity for year $2.($Round your answer to $2$ decimal places.$)$

Calculate the following items for Windswept Woodworks for year $2.($Round your answers to $2$ decimal places.$)$