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Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,390Cost of goods sold7,660Depreciation455Earnings before interest and taxes$ 1,275Interest paid100Taxable income$ 1,175Taxes247Net income$ 928 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 210$ 240Accounts payable$ 1,290$ 1,335Accounts received960860Long-term debt1,0801,280Inventory1,7501,665Common stock3,3003,190Total$ 2,920$ 2,765Retained earnings620870Net fixed assets3,3703,910 Total assets$ 6,290$ 6,675Total liabilities & equity$ 6,290$ 6,675 What is the quick ratio for 2024?

Red Barchetta Company paid $27,950 in dividends and $28,941 in interest over the past year. During the year, net working capital increased from $13,746 to $18,469. The company purchased $43,100 in fixed assets and had a depreciation expense of $17,255. During the year, the company issued $25,250 in new equity and paid off $21,350 in long-term debt. What was the company’s cash flow from assets?

Red Barchetta Company paid $27,545 in dividends and $28,374 in interest over the past year. During the year, net working capital increased from $13,530 to $18,244. The company purchased $42,110 in fixed assets and had a depreciation expense of $16,850. During the year, the company issued $25,025 in new equity and paid off $21,035 in long-term debt. What was the company’s cash flow from assets?

Mo will receive a perpetuity of $16,000 per year forever, while Curly will receive the same annual payment for the next 35 years. If the interest rate is 6 percent, how much more are Mo’s payments worth?

Your sister just deposited $10,000 into an investment account. She believes that she will earn an annual return of 9.7 percent for the next 6 years. You believe that you will only be able to earn an annual return of 9 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years? (Assume annual compounding.)

Mo will receive a perpetuity of $34,000 per year forever, while Curly will receive the same annual payment for the next 50 years. If the interest rate is 7.8 percent, how much more are Mo’s payments worth?

Red Barchetta Company paid $27,950 in dividends and $28,941 in interest over the past year. During the year, net working capital increased from $13,746 to $18,469. The company purchased $43,100 in fixed assets and had a depreciation expense of $17,255. During the year, the company issued $25,250 in new equity and paid off $21,350 in long-term debt. What was the company’s cash flow from assets?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,750Cost of goods sold7,800Depreciation355Earnings before interest and taxes$ 1,595Interest paid94Taxable income$ 1,501Taxes315Net income$ 1,186 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 250$ 270Accounts payable$ 1,480$ 1,732Accounts received1,050950Long-term debt1,0401,228Inventory1,7201,630Common stock3,3003,000Total$ 3,020$ 2,850Retained earnings620870Net fixed assets3,4203,980 Total assets$ 6,440$ 6,830Total liabilities & equity$ 6,440$ 6,830 Windswept, Incorporated, has 520 million shares of stock outstanding. Its price-earnings ratio for 2024 is 20. What is the market price per share of stock?

You made an investment of $8,000 into an account that paid you an annual interest rate of 3.1 percent for the first 5 years and 7.5 percent for the next 10 years. What was your annual rate of return over the entire 15 years? (Assume annual compounding.)

You want to retire exactly 40 years from today with $2,030,000 in your retirement account. If you think you can earn an interest rate of 10.39 percent compounded monthly, how much must you deposit each month to fund your retirement?