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Your firm has net income of $434 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?

Your sister just deposited $12,500 into an investment account. She believes that she will earn an annual return of 10.2 percent for the next 9 years. You believe that you will only be able to earn an annual return of 9.6 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 9 years? (Assume annual compounding.)

Your firm has net income of $332 on total sales of $1,240. Costs are $690 and depreciation is $130. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?

You feel that you will need $3.7 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.2 percent compounded monthly and plan to save $530 per month until you reach your goal. How many years will it be until you reach your goal and retire?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 8,700Cost of goods sold7,250Depreciation350Earnings before interest and taxes$ 1,100Interest paid83Taxable income$ 1,017Taxes214Net income$ 803 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 140$ 120Accounts payable$ 1,070$ 1,212Accounts received800720Long-term debt9801,213Inventory1,5101,535Common stock3,1502,890Total$ 2,450$ 2,375Retained earnings450700Net fixed assets3,2003,640 Total assets$ 5,650$ 6,015Total liabilities & equity$ 5,650$ 6,015 What is the equity multiplier for 2024?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,200Cost of goods sold8,050Depreciation480Earnings before interest and taxes$ 1,670Interest paid104Taxable income$ 1,566Taxes329Net income$ 1,237 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 300$ 335Accounts payable$ 1,670$ 1,895Accounts received1,1501,050Long-term debt1,0901,415Inventory1,8201,775Common stock3,4003,050Total$ 3,270$ 3,160Retained earnings670920Net fixed assets3,5604,120 Total assets$ 6,830$ 7,280Total liabilities & equity$ 6,830$ 7,280 What is the return on equity for 2024?

You made an investment of $10,500 into an account that paid you an annual interest rate of 2.2 percent for the first 5 years and 6.6 percent for the next 9 years. What was your annual rate of return over the entire 14 years? (Assume annual compounding.)

Your firm has net income of $434 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,400Cost of goods sold8,150Depreciation430Earnings before interest and taxes$ 1,820Interest paid108Taxable income$ 1,712Taxes360Net income$ 1,352 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 310$ 340Accounts payable$ 1,750$ 1,992Accounts received1,1901,090Long-term debt1,1101,423Inventory1,8601,815Common stock3,4403,070Total$ 3,360$ 3,245Retained earnings690940Net fixed assets3,6304,180 Total assets$ 6,990$ 7,425Total liabilities & equity$ 6,990$ 7,425 What is the cash coverage ratio for 2024?

You feel that you will need $2.3 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.3 percent compounded monthly and plan to save $320 per month until you reach your goal. How many years will it be until you reach your goal and retire?