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Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,100Cost of goods sold8,000Depreciation475Earnings before interest and taxes$ 1,625Interest paid102Taxable income$ 1,523Taxes320Net income$ 1,203 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 290$ 325Accounts payable$ 1,640$ 1,850Accounts received1,1301,030Long-term debt1,0801,405Inventory1,8001,760Common stock3,3803,040Total$ 3,220$ 3,115Retained earnings660910Net fixed assets3,5404,090 Total assets$ 6,760$ 7,205Total liabilities & equity$ 6,760$ 7,205 What is the return on equity for 2024?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,100Cost of goods sold8,000Depreciation475Earnings before interest and taxes$ 1,625Interest paid102Taxable income$ 1,523Taxes320Net income$ 1,203 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 290$ 325Accounts payable$ 1,640$ 1,850Accounts received1,1301,030Long-term debt1,0801,405Inventory1,8001,760Common stock3,3803,040Total$ 3,220$ 3,115Retained earnings660910Net fixed assets3,5404,090 Total assets$ 6,760$ 7,205Total liabilities & equity$ 6,760$ 7,205 What is the return on equity for 2024?

During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $29,461, $65,633, and $27,060, respectively. The net working capital at the beginning of the year was $11,482 and it was $13,150 at the end of the year. What was the company’s cash flow to stockholders during the year?

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?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,200Cost of goods sold7,550Depreciation370Earnings before interest and taxes$ 1,280Interest paid97Taxable income$ 1,183Taxes248Net income$ 935 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 190$ 220Accounts payable$ 1,370$ 1,512Accounts received950850Long-term debt1,0701,303Inventory1,6201,635Common stock3,2002,950Total$ 2,760$ 2,705Retained earnings510760Net fixed assets3,3903,820 Total assets$ 6,150$ 6,525Total liabilities & equity$ 6,150$ 6,525 What is the cash coverage ratio for 2024?

You made an investment of $11,500 into an account that paid you an annual interest rate of 2.3 percent for the first 6 years and 6.7 percent for the next 4 years. What was your annual rate of return over the entire 10 years? (Assume annual compounding.)

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?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,200Cost of goods sold7,550Depreciation370Earnings before interest and taxes$ 1,280Interest paid97Taxable income$ 1,183Taxes248Net income$ 935 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 190$ 220Accounts payable$ 1,370$ 1,512Accounts received950850Long-term debt1,0701,303Inventory1,6201,635Common stock3,2002,950Total$ 2,760$ 2,705Retained earnings510760Net fixed assets3,3903,820 Total assets$ 6,150$ 6,525Total liabilities & equity$ 6,150$ 6,525 What is the cash coverage ratio for 2024?

Todd can afford to pay $425 per month for the next 5 years in order to purchase a new car. The interest rate is 7.5 percent compounded monthly. What is the most he can afford to pay for a new car today?

During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,026, $67,603, and $28,760, respectively. The net working capital at the beginning of the year was $11,917 and it was $13,900 at the end of the year. What was the company’s cash flow to stockholders during the year?