Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ in millions)Net sales$9,000 Cost of goods sold 7,350 Depreciation 360 Earnings before interest and taxes$1,290 Interest paid 87 Taxable income$1,203 Taxes 421 Net income$782 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash$160 $190 Accounts payable$1,150 $1,332 Accounts rec. 840 740 Long-term debt 1,000 1,233 Inventory 1,570 1,565 Common stock 3,190 2,910 Total$2,570 $2,495 Retained earnings 470 720 Net fixed assets 3,240 3,700 Total assets$5,810 $6,195 Total liab. & equity$5,810 $6,195 What is the equity multiplier for 2017?

Equity multiplier is a ratio calculated to use see the company used it for how much assets are used…

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Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Use the following information to answer this question. Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 9,750 Cost of goods sold 7,800 Depreciation 355 Earnings before interest and taxes $ 1,595 Interest paid 94 Taxable income $ 1,501 Taxes 450 Net income $ 1,051 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash $ 250 $ 270 Accounts payable $ 1,480 $ 1,732 Accounts rec. 1,050 950 Long-term debt 1,040 1,228 Inventory 1,720 1,630 Common stock 3,300 3,000 Total $ 3,020 $ 2,850 Retained earnings 620 870 Net fixed assets 3,420 3,980 Total assets $ 6,440 $ 6,830 Total liab. & equity $ 6,440 $ 6,830 Windswept, Inc., has 520 million shares of stock outstanding. Its price–earnings ratio for 2017 is 20. What is the market price per share of stock?
Use the following Information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $8,600 Cost of goods sold 7,250 Depreciation 340 Earnings before interest and taxes $1,010 Interest paid 85 Taxable income $ 925 Таxes 324 Net income $ 601 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 130 $ 120 Accounts payable $1,150 $1,192 Accounts rec. 900 720 Long-term debt 1,010 1,243 1,545 Common stock $2,530 $2,385 Retained earnings Inventory 1,500 3,190 2,890 Total 450 700 Net fixed assets 3,270 3,640 Total assets $5,800 $6,025 Total liab. & equity $5,800 $6,025
Use the following information to answer this question. Bayside, Inc.2017 Income Statement($ in thousands) Net sales $ 6,040 Cost of goods sold 4,200 Depreciation 400 Earnings before interest and taxes $ 1,440 Interest paid 30 Taxable income $ 1,410 Taxes 423 Net income $ 987 Bayside, Inc.2016 and 2017 Balance Sheets($ in thousands) 2016 2017 2016 2017 Cash $ 115 $ 220 Accounts payable $ 1,580 $ 1,510 Accounts rec. 990 830 Long-term debt 810 610 Inventory 1,705 2,040 Common stock 3,240 3,280 Total $ 2,810 $ 3,090 Retained earnings 880 1,130 Net fixed assets 3,700 3,440 Total assets $ 6,510 $ 6,530 Total liab. & equity $ 6,510 $ 6,530 What is the return on equity for 2017?
Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales $ 10,020 Cost of goods sold 8,110 Depreciation 500 Earnings before interest and taxes $ 1, 410 Interest paid 118 Taxable income $ 1,292 Taxes 452 Net income $ 840 Windswept, Incorporated 2016 and 2 017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 300 $ 330 Accounts payable $1,650 $ 1,560 Accounts receivable 1,140 1,040 Long-term debt 1,170 1 ,370 Inventory 2,020 1,800 Common stock 3,480 3,460 Total $ 3,460 $ 3,170 Retained earnings 710 960 Net fixed assets 3,550 4,180 Total assets $ 7,010 $ 7,350 Total liability & equity $ 7,010 $ 7,350 What is the quick ratio for 2017?
Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 10,950 8,000 425 $ 2,525 102 $ 2,423 848 $ 1,575 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 Cash $ 290 $ 320 Accounts payable $ 1,830 2017 $ 1,887 Accounts receivable 1,130 1,030 Long-term debt 1,080 Inventory 2,030 1,760 Common stock Total $ 3,450 $ 3,110 Retained earnings 3,380 660 1,363 3,040 910 Net fixed assets 3,500 4,090 Total assets $ 6,950 $7,200 Total liability & equity $ 6,950 $ 7,200 What is the equity multiplier for 2017? Multiple Choice ○ 2.37 times ○ 1.35 times ○ 2.77 times ☐ 1.82 times о 3.60 times
Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,200 7,390 305 $ 1,505 87 $ 1,418 425 $ 993 Windswept, Incorporated 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 Cash $ 240 $ 255 Accounts payable 2016 $ 1,380 2017 Accounts receivable 1,020 Inventory 1,620 730 1,640 Long-term debt Common stock Total $ 2,880 $ 2,625 Retained earnings 3,280 460 $ 1,315 1,130 1,400 3,010 710 Net fixed assets 3,370 3,810 Total assets $ 6,250 $ 6,435 Total liability & equity $ 6,250 $ 6,435 What were the total dividends paid for 2017? Multiple Choice $585 million $455 million $738 million $250 million $743 million
Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 11,000 Cost of goods sold 8,200 Depreciation 395 Earnings before interest and taxes $ 2,405 Interest paid 110 Taxable income $ 2,295 Taxes 689 Net income $ 1,606 Windswept, Inc.2016 and 2017 Balance Sheets($ in millions) 2016 2017 2016 2017 Cash $ 420 $ 445 Accounts payable $ 2,060 $ 2,005 Accounts rec. 1,210 1,110 Long-term debt 1,120 1,580 Inventory 1,980 1,820 Common stock 3,460 3,190 Total $ 3,610 $ 3,375 Retained earnings 700 950 Net fixed assets 3,730 4,350 Total assets $ 7,340 $ 7,725 Total liab. & equity $ 7,340 $ 7,725 What were the total dividends paid for 2017?
The current sections of Bridgeport Corp.'s balance sheets at December 31, 2016 and 2017, are presented here. Bridgeport Corp.'s net income for 2017 was $153,459. Depreciation expense was $27,081. 2017 2016 Current assets Cash $105,315 $ 99,297 Accounts receivable 80,240 89,267 Inventory 168,504 172,516 Prepaid expenses 27,081 22,066 Total current assets $381,140 $383,146 Current liabilities Accrued expenses payable $ 15,045 $ 5,015 Accounts payable 85,255 92,276 Total current liabilities $100,300 $ 97,291 ember 31, 2017, using Prepare the net cash provided (used) by operating activities section of the company's statement (15,000).) cash flows or the year ende indirect ethod. (Show am that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. Bridgeport Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ $1
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 Sales $ 15,573 $ 15,336 Depreciation 1,741 1,816 Cost of goods sold 4,379 4,787 Other expenses 986 864 Interest 835 966 Cash 6,187 6,706 Accounts receivable 8,120 9,667 Short-term notes payable 1,250 1,227 Long-term debt 20,560 24,836 Net fixed assets 51,064 54,513 Accounts payable 4,512 4,884 Inventory 14,419 15,368 Dividends 1,350 1,698 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.)
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income: Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable Long-term debt Common stock $3,210 $3,110 Retained earnings 3,570 4,090 $6,780 $7,200 Total liab. & equity 1,130 1,030 1,800 1,770 $10,100 8,000 415 $1,685 102 $ 1,583 554 $ 1,029 What is the cash coverage ratio for 2017? 2016 2017 $1,660 $1,857 1,080 1,393 3,380 3,040 660 910 $6,780 $7,200
Financial Statements for Royal Corporation Actual 2016 and Pro Forma 2017 ($ millions) Income Statement Net sales Cost of goods sold Other expenses Depreciation expense EBIT Interest expense Earnings before tax Tax Net income Dividends paid 90 Add. to retained earnings $ 269 O $4,563 O $4,663 $4.453 2016 2017 $ 47,616 $52,378 Cash & securities 40,718 44,790 Accounts receivable 5,171 5,688 Inventories 1,000 1,100 727 800 215 215 512 585 154 176 $ 359 $ 409 $5,663 Balance Sheet 102 Net fixed assets Total assets Bank loan (short-term) Accounts payable Long-term debt Total liabilities 2016 $951 2017 $1,046 5,666 6,233 4,236 4,660 4,048 14,901 $392 In the above financial statements, Royal Corporation has prepared (incomplete) pro forma financial statements for 2017 based on actual financial statements for 2016. Royal Corp. used the percent- of-sales method, assuming a sales growth rate of 10% for 2017. If capital expenditures are planned to be $1,615 in 2017, then what would be the…
Jinchuriki Inc.'s Financial Statement for years 2014-2015. Compute of the Average Collection Period. * INCOME STATEMENTS BALANCE SHEETS 2015 Assets $ 5,000 Cash 3,800 ST Investments 200 Accounts receivable 500 Inventories 500 2014 60 2015 50 2014 $ 4,760 3,560 170 Net sales COGS (excl. depr.) Depreciation Other operating expenses EBIT Interest expense Pre-tax earnings 40 380 500 820 480 550 $ 1,300 1,700 $ 3,000 1,000 $ 1,550 2,000 $ 3,550 Total CA 100 120 Net PP&E 450 380 Total assets 152 Taxes (40%) NI before pref. div. 180 228 Liabilities and equity 8 Accounts payable 220 Accruals 270 Preferred div. 8 190 200 Net income 262 280 300 130 280 780 Notes payable Other Data Total CL 600 $50 Long-term bonds $170 Common dividends $48 1,000 $ 1,600 1,200 $ 1,980 Addition to RE $214 Total liabilities Tax rate 40% 40% 50 Preferred stock 100 100 Shares of common stock 50 Common stock 500 500 $5.24 S0.96 Retained earnings Total common equity Total liabs. & equity 800 Earnings per share Dividends…

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Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales	$	9,000
Cost of goods sold		7,350
Depreciation		360
Earnings before interest and taxes	$	1,290
Interest paid		87
Taxable income	$	1,203
Taxes		421
Net income	$	782

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
		2016		2017			2016		2017
Cash	$	160	$	190	Accounts payable	$	1,150	$	1,332
Accounts rec.		840		740	Long-term debt		1,000		1,233
Inventory		1,570		1,565	Common stock		3,190		2,910
Total	$	2,570	$	2,495	Retained earnings		470		720
Net fixed assets		3,240		3,700
Total assets	$	5,810	$	6,195	Total liab. & equity	$	5,810	$	6,195