Question: Use the information in the table below to answer the following questions. Year 1 394 840 6,642 138 1,130 n.a. n.a. n.a. Windswept Woodworks, Inc.

 Use the information in the table below to answer the followingquestions. Year 1 394 840 6,642 138 1,130 n.a. n.a. n.a. Windswept

Use the information in the table below to answer the following questions. Year 1 394 840 6,642 138 1,130 n.a. n.a. n.a. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 448 Accounts receivable 1,292 Accumulated depreciation 6,758 Cash & equivalents 236 Common stock 1,196 Cost of goods sold 1,500 Depreciation expense ? Common stock dividends paid ? Interest expense 140 Inventory 1,026 Addition to retained earnings 602 Long-term debt 824 Notes payable 230 Gross plant & equipment 10,260 Retained earnings 3,074 Sales 3,018 Other current liabilities 116 Tax rate 34% Market price per share year end $ 19.80 Number of shares outstanding 500 million n.a. 1,036 n.a. 746 380 10,000 2,486 n.a. 96 n.a. $ 17.50 500 million Net profit = 832.92 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin c. Tax burden ratio d. Interest burden ratio e. Asset turnover ratio f. Leverage ratio

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!