Please! Take your time! No rush really! :) ! Windswept Woodworks, Inc. Input Data (millions of...

Please! Take your time! No rush really! :) !

Windswept Woodworks, Inc.
Input Data
(millions of dollars)
		Year 2			Year 1
Accounts payable		520			454
Accounts receivable		1,364			900
Accumulated depreciation		6,830			6,702
Cash & equivalents		308			198
Common stock		1,268			1,190
Cost of goods sold		1,500			n.a.
Depreciation expense		?			n.a.
Common stock dividends paid		?			n.a.
Interest expense		140			n.a.
Inventory		1,098			1,096
Addition to retained earnings		602			n.a.
Long-term debt		896			806
Notes payable		230			380
Gross plant & equipment		10,260			10,000
Retained earnings		3,146			2,546
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 = 825.00

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

DO NOT WORRY ! I WILL GIVE A THUMBS UP, PROVIDED IT'S CORRECT !!! YOU GOT IT BABY, TAKE IT AWAY

Expert Solution

Answer summary

jeff jeffy answered 2 years ago

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