Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions)...

   

Transcribed Image Text:

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 $ 120 800 1,510 $ 2,430 3,250 $ 5,680 What is the fixed asset turnover for 2021? $8,750 7,230 425 $ 1,095 82 $ 1,013 213 $800 Windswept, Incorporated 2020 and 2021 Balance Sheets. ($ in millions) 2021 $ 120 700 1,525 $ 2,345 3,650 $ 5,995 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $980 970 3,190 540 $ 5,680 2021 $ 1,055 1,250 2,900 790 $ 5,995 Multiple Choice O 37.76 days 77.95 days 49.55 days 35.85 days 35.36 days 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 $ 120 800 1,510 $ 2,430 3,250 $ 5,680 What is the fixed asset turnover for 2021? $8,750 7,230 425 $ 1,095 82 $ 1,013 213 $800 Windswept, Incorporated 2020 and 2021 Balance Sheets. ($ in millions) 2021 $ 120 700 1,525 $ 2,345 3,650 $ 5,995 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $980 970 3,190 540 $ 5,680 2021 $ 1,055 1,250 2,900 790 $ 5,995 Multiple Choice O 37.76 days 77.95 days 49.55 days 35.85 days 35.36 days

Answer rating: 100% (QA)

Fixed Asset Turnover Net Revenue ... View the full answer