Question: Use the information in the table below to answer the following questions. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Year 1 Accounts

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

Windswept Woodworks, Inc.
Input Data
(millions of dollars)
Year 2 Year 1
Accounts payable 484 424
Accounts receivable 1,328 870
Accumulated depreciation 6,794 6,672
Cash & equivalents 272 168
Common stock 1,232 1,160
Cost of goods sold 1,500 n.a.
Depreciation expense ? n.a.
Common stock dividends paid ? n.a.
Interest expense 140 n.a.
Inventory 1,062 1,066
Addition to retained earnings 602 n.a.
Long-term debt 860 776
Notes payable 230 380
Gross plant & equipment 10,260 10,000
Retained earnings 3,110 2,516
Sales 3,018 n.a.
Other current liabilities 116 96
Tax rate 34 % n.a.
Market price per share year end $ 19.80 $ 17.50
Number of shares outstanding 500 million 500 million

Net profit = 828.96

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

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