Question: 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

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 552 484
Accounts receivable 1,396 930
Accumulated depreciation 6,862 6,732
Cash & equivalents 340 228
Common stock 1,300 1,220
Cost of goods sold 1,520 n.a.
Depreciation expense ? n.a.
Common stock dividends paid ? n.a.
Interest expense 160 n.a.
Inventory 1,130 1,126
Addition to retained earnings 602 n.a.
Long-term debt 928 836
Notes payable 250 400
Gross plant & equipment 10,340 10,080
Retained earnings 3,178 2,576
Sales 3,038 n.a.
Other current liabilities 136 116
Tax rate 21% n.a.
Market price per share year end $ 20.80 $ 18.50
Number of shares outstanding 500 million 500 million

Net profit = 970.12

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.)

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

profit margin

tax burden

interest burden ratio

assets turnover ratio

leverage ratio

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