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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?

You want to retire exactly 40 years from today with $2,090,000 in your retirement account. If you think you can earn an interest rate of 10.63 percent compounded monthly, how much must you deposit each month to fund your retirement?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,150Cost of goods sold7,510Depreciation440Earnings before interest and taxes$ 1,200Interest paid94Taxable income$ 1,106Taxes232Net income$ 874 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 180$ 210Accounts payable$ 1,170$ 1,260Accounts received900800Long-term debt1,0501,250Inventory1,6601,620Common stock3,2403,100Total$ 2,740$ 2,630Retained earnings590840Net fixed assets3,3103,820 Total assets$ 6,050$ 6,450Total liabilities & equity$ 6,050$ 6,450 What is the quick ratio for 2024?

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.