Use the following information to answer this question.Windswept, Incorporated2022 Income Statement(in millions)Net salesCost of goods soldDepreciationEarnings before interest and taxesInterest paidTaxable incomeTaxesNet incomeCashAccounts receivableInventoryTotalNet fixed assetsTotal assetsMultiple ChoiceOOO$28.84O $43.50O$66.00$27.002021$43.26Windswept, Incorporated2021 and 2022 Balance Sheets(in millions)$ 140900$ 8,6507,250300$ 1,10070$ 1,030309$ 7212022Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per shareof stock?$ 1557101,5201,500$ 2,540 $2,3853,2003,650$ 5,740 $ 6,035Accounts payableLong-term debtCommon stockRetained earningsTotal liabilities & equity2021$1,1609403,1904502022$ 1,3021,1182,890725$5,740 $ 6,035

Ratio measures the company financial performance and progress over time. It is the qualitative…

Use the following information to answer this question. 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 Multiple Choice O O O $28.84 $66.00 $43.50 $27.00 2021 $43.26 $8,650 7,250 300 $ 1,100 70 $ 1,030 309 $721 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share of stock? $ 155 710 1,520 Accounts payable Long-term debt $140 900 1,500 $ 2,540 $2,385 3,200 3,650 $5,740 $6,035 Total liabilities & equity Common stock Retained earnings 2021 $ 1,160 940 3,190 450 2022 $ 1,302 1,118 2,890 725 $5,740 $6,035

Use the following information to answer this question. 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 Multiple Choice O O O $28.84 $66.00 $43.50 $27.00 2021 $43.26 $8,650 7,250 300 $ 1,100 70 $ 1,030 309 $721 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 Windswept, Incorporated, has 250 million shares of stock outstanding. Its price-earnings ratio for 2022 is 15. What is the market price per share of stock? $ 155 710 1,520 Accounts payable Long-term debt $140 900 1,500 $ 2,540 $2,385 3,200 3,650 $5,740 $6,035 Total liabilities & equity Common stock Retained earnings 2021 $ 1,160 940 3,190 450 2022 $ 1,302 1,118 2,890 725 $5,740 $6,035

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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Use the following information to answer this question. 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 What is the quick ratio for 2022? Multiple Choice O O .86 times .84 times 1.85 times 2.05 times 1.19 times $ 9,740 7,910 480 2021 $ 260 1,060 1,900 $ 1,350 110 $ 1,240 434 $ 806 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 $ 290 960 1,740 $3,220 $ 2,990 3,470 4,060 $6,690 $ 7,050 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,490 2022 $1,460 1,330 1,130 3,400 3,340 670 920 $ 6,690 $7,050
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets. Total assets 2020 $ 6,170 4,440 380 $1,350 $ 130 38 $ 1,312 276 $ 1,036 2021 $ 235 1,070 910 2,100 1,745 $ 2,945 $ 3,245 3,780 3,560 $ 6,725 $ 6,805 Total liabilities & equity Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) Accounts payable Long-term debt Common stock Retained earnings How many dollars of sales were generated from every dollar of fixed assets during 2021? 2020 $ 1,635 850 3,320 920 $ 6,725 2021 $1,665 650 3,320 1,170 $ 6,805
* ces Use the following information to answer this question. 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 What is the quick ratio for 20227 $ 9,950 8,060 495 $ 1,395 116 $ 1,279 448 $ 831 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 $290 1,120 1,990 1,785 $3,400 $3,125 3,530 4,150 $ 6,930 $ 7,275 2022 $320 Accounts payable 1,020 Long-term debt Common stock. Retained earnings Total liabilities & equity 2021 $ 1,610 1,160 3,460 700 2022 $1,535 1,360 3,430 950 $ 6,930 $ 7,275
Use the following information to answer this question. 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 $ 9,710 7,990 475 $ 1,245 114 $ 1,131 396 $ 735 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 Total assets What is the days' sales in receivables for 2022? Cash Accounts receivable Inventory Total $ 3,290 $ 3,025 3,530 4,050 Net fixed assets $ 6,820 $ 7,075 $ 270 $ 300 Accounts payable $ 1,550 1,080 1,940 1,745 980 Long-term debt Common stock Retained earnings Total liabilities & equity $ 6,820 $ 7,075 1,160 3,460 650 2022 $ 1,785 1,330 3,060 900
Use the following information to answer this question. 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 What is the quick ratio for 2022? 2021 2022 $ 230 840 Windswept, Incorporated. 2021 and 2022 Balance Sheets. (in millions) $200 940 1,720 1,650 $ 2,860 $ 2,720 3,350 $ 9,320 7,610 450 $ 1,260 98 3,880 $ 6,210 $ 6,600 $ 1,162 487 $755 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,250 1,070 3,280 610 $ 6,210 2022 $ 1,310 1,270 3,160 868 $ 6,600
Use the following information to answer this question: Windswept, Incorporated 2021 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 received Inventory Total Net fixed assets Total assets What is the equity multiplier for 2021? Multiple Choice 1.78 times 3.33 times 2.25 times 1.31 times 2.64 times 2020 2021 $ 250 890 $ 9,900 7,650 390 $ 1,860 88 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) $220 990 1,750 1,655 $ 2,960 $ 2,795 3,360 3,880 $ 6,320 $ 6,675 $ 1,772 372 $1,400 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,540 1,010 3,240 530 $ 6,320 2021 $ 1,632 1,293 2,970 780 $ 6,675
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets 2020 $ 150 1,150 1,825 $ 3,125 3,860 $ 6,985 $ 6,270 4,640 400 $ 1,230 46 $ 1,184 249 $935 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 $ 255 990 2,140 $ 3,385 3,680 $ 7,065 Total liabilities & equity Accounts payable Long-term debt Common stock Retained earnings BOLSA- How many dollars of sales were generated from every dollar of fixed assets during 2021? دا 2020 $1,735 890 3,400 960 $ 6,985 2021 $ 1,805 690 3,360 1,210 $ 7,065
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Het 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 20227 $11,100 8,050 430 $ 2,620 104 $2,516 881 $ 1,635 Windswept, 2921 and 2022 Balance Sheets. (in millions) 2022 $300 1,150 1,050 2,060 1,775 $ 3,510 $3,155 3,520 4,120 $7,030 $7,275 $ 330 porated Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,870 1,090 3,400 670 2022 $1,932 1,373 3,050 920 $7,030 $7,275.
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets 2020 $150 1,150 1,825 $ 3,125 3,860 $ 6,985 $ 6,270 4,640 400 $ 1,230 46 $ 1,184 249 $935 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 $255 990 2,140 $ 3,385 3,680 $7,065 Accounts payable Long-term debt. Common stock. Retained earnings Total liabilities & equity. How many dollars of sales were generated from every dollar of fixed assets during 2021? 2028 $ 1,735 899 3,400 960 $ 6,985 2021 $ 1,805 690 3,360 1,210 $ 7,965
Use the following information to answer this question. 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 What is the quick ratio for 2022? $ 8,750 7,310 420 $ 1,020 86 $ 934 327 $ 607 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 $ 140 $ 170 820 1,540 720 1,560 $2,500 $2,450 3,230 3,700 $ 5,730 $ 6,150 Accounts payable Lon term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,010 1,010 3,160 550 2022 $ 1,160 1,210 2,980 800 $ 5,730 $ 6,150
Use the following information to answer this question. 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 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 $ 310 $ 340 1,160 1,060 2,060 1,805 $ 3,530 $3,205 3,610 4,170 $ 7,140 $ 7,375 $ 9,990 8,190 495 $ 1,305 122 $ 1,183 414 $ 769 What is the days' sales in receivables for 2022? Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,710 1,200 3,540 690 2022 $ 1,985. 1,350 3,100 940 $ 7,140 $ 7,375
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets What is the equity multiplier for 2021? Multiple Choice 1.55 times 52 times 1.04 times 2.03 times 2020 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) $75 920 2021 $ 180 760 $ 5,920 4,190 320 $ 1,410 27 $ 1,383 290 $ 1,093 1,540 2,000 $ 2,535 $ 2,940 3,550 3,380 $ 6,085 $ 6,320 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,420 750 3,105 810 $ 6,085 2021 $ 1,710 540 3,010 1,060 $ 6,320