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 436 384 Accounts receivable 1,280 830 Accumulated depreciation 6,746 Cash & equivalents 6,632 224 128 Common stock 1,184 1,120 Cost of goods sold 1,500 Depreciation expense 2 n.a. Common stock dividends paid 2 Interest expense 140 Inventory 1,014 1,026 Addition to retained earnings 602 Long-term debt 812 736 Notes payable 230 380 Gross plant & equipment 10,260 10,000 Retained earnings 3,062 2.476 Sales 3,018 n.a. Other current liabilities 116 96 Tax rate 348 Market price per share - year and $ 19.80 $17.50 Number of shares outstanding 500 million 500 million I Net profit - 834.24 a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 19.65 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) a. Calculate Windswept Woodworks' return on equity for year 2. (Round your answer to 2 decimal places.) ROE 19.65 Calculate the following items for Windswept Woodworks for year 2. (Round your answers to 2 decimal places.) b. Profit margin 27.64 c. Tax burden ratio 14.24 d. Interest burden ratio 9.22 e. Asset turnover ratio .50 f. Leverage ratio .19
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