Question: Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to

 Use the information in the table below to calculate the following

ratios for Windswept Woodworks for year 1 and year 2. (Round your

Use the information in the table below to calculate the following ratios for Windswept Woodworks for year 1 and year 2. (Round your answers to 2 decimal places.) Year 1 454 900 6, 702 198 1,190 n.a. n.a. n.a. Windswept Woodworks, Inc. Input Data (millions of dollars) Year 2 Accounts payable 520 Accounts receivable 1,364 Accumulated depreciation 6,830 Cash & equivalents 308 Common stock 1,268 Cost of goods sold 1,500 Depreciation expense Common stock dividends paid Interest expense 140 Inventory 1,098 Addition to retained earnings 602 Long-term debt Notes payable 230 Gross plant & equipment 10,260_ Retained earnings 3,146 Sales 3,018 Other current liabilities Tax rate 348 Market price per share year end $19.80 Number of shares outstanding 500 million 896 1,096 n.a. 806 380 10,000 2,546 n.a. 116 96 n.a. $ 17.50 500 million a. Interest coverage ratio (Assume that year 1 EBIT was 1,297 and year 1 interest expense was 120.) Year 2 interest coverage ratio Year i interest coverage ratio b. Average collection period (Assume that the accounts receivable balance was 950 on December 31 of the previous year and that year 1 sales were 2,700.) Year 2 ACP Year 1 ACP days days c. Current ratio Year 2 current ratio Year 1 current ratio d. Quick ratio Year 2 quick ratio Year 1 quick ratio

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