Question: Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 460

 Use the information in the table below to answer the followingquestions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts

Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 460 Accounts receivable 1,304 Accumulated depreciation 6,770 Cash & equivalents 248 Common stock 1,208 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? ? Interest expense 140 Inventory 1,038 Addition to retained earnings 602 Long-term debt 836 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,086 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 500 million Year 1 404 850 6,652 148 1,140 n.a. n.a. n.a. n.a. 1,046 n.a. 756 380 10,000 2,496 n.a 96 n.a. $ 17.50 500 million Net profit = 831.60 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 22.87 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin 46.39 Net profit = 831.60 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 22.87 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin 46.39 c. Tax burden ratio 0.66 d. Interest burden ratio 0.90 e. Asset turnover ratio 0.493 f. Leverage ratio 1.40 Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 460 Accounts receivable 1,304 Accumulated depreciation 6,770 Cash & equivalents 248 Common stock 1,208 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? ? Interest expense 140 Inventory 1,038 Addition to retained earnings 602 Long-term debt 836 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,086 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share - year end $ 19.80 Number of shares outstanding 500 million Year 1 404 850 6,652 148 1,140 n.a. n.a. n.a. n.a. 1,046 n.a. 756 380 10,000 2,496 n.a 96 n.a. $ 17.50 500 million Net profit = 831.60 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 22.87 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin 46.39 Net profit = 831.60 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 22.87 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin 46.39 c. Tax burden ratio 0.66 d. Interest burden ratio 0.90 e. Asset turnover ratio 0.493 f. Leverage ratio 1.40

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