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Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 8,750Cost of goods sold7,300Depreciation305Earnings before interest and taxes$ 1,145Interest paid72Taxable income$ 1,073Taxes225Net income$ 848 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 150$ 165Accounts payable$ 1,190$ 1,367Accounts received920730Long-term debt9501,128Inventory1,5201,530Common stock3,2102,900Total$ 2,590$ 2,425Retained earnings460710Net fixed assets3,2203,680 Total assets$ 5,810$ 6,105Total liabilities & equity$ 5,810$ 6,105 Windswept, Incorporated, has 300 million shares of stock outstanding. Its price-earnings ratio for 2024 is 16. What is the market price per share of stock?

Determining the number of shares of stock to issue is an example of a _________ decision.

Determining the number of shares of stock to issue is an example of a _________ decision.

Your firm has net income of $300 on total sales of $1,140. Costs are $640 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?

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?

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.)