Windswept, Incorporated 2022 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 receivable Inventory Total Net fixed assets Total assets 2021 $140 2022 $ 120 800 1,510 720 1,535 $ 2,450 $ 2,375 3,200 3,640 $ 5,650 $ 6,015 What is the equity multiplier for 2022? $8,700 7,250 350 $ 1,100 83 $ 1,017 356 $ 661 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,070 980 3,150 450 $ 5,650 2022 $1,212 1,213 2,890 700 $ 6,015

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Please help mw with this correct and dont do handwritten thanks!

Multiple Choice
O
O
O
O
O
1.26 times
2.08 times
3.01 times
2.42 times
1.68 times
Transcribed Image Text:Multiple Choice O O O O O 1.26 times 2.08 times 3.01 times 2.42 times 1.68 times
Windswept, Incorporated
2022 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 receivable
Inventory
Total
Net fixed assets
Total assets
2021
What is the equity multiplier for 2022?
2022
$ 140
$ 120
800
1,510
720
1,535
$ 2,450 $ 2,375
3,200
3,640
$ 5,650 $ 6,015
$8,700
7,250
350
$1,100
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
83
$ 1,017
356
$ 661
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities & equity
2021
$ 1,070
980
3,150
450
$ 5,650
2022
$ 1,212
1,213
2,890
700
$ 6,015
Transcribed Image Text:Windswept, Incorporated 2022 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 receivable Inventory Total Net fixed assets Total assets 2021 What is the equity multiplier for 2022? 2022 $ 140 $ 120 800 1,510 720 1,535 $ 2,450 $ 2,375 3,200 3,640 $ 5,650 $ 6,015 $8,700 7,250 350 $1,100 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 83 $ 1,017 356 $ 661 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,070 980 3,150 450 $ 5,650 2022 $ 1,212 1,213 2,890 700 $ 6,015
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