Business, 19.02.2021 16:30 makayla912

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)

Net sales $9,900
Cost of goods sold 7,650
Depreciation 390
Earnings before interest and taxes $1,860
Interest paid 88
Taxable income $1,772
Taxes 620
Net income $1,152

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $220 $250 Accounts payable $1,540 $1,632
Accounts rec. 990 890 Long-term debt 1,010 1,293
Inventory 1,750 1,655 Common stock 3,240 2,970
Total $2,960 $2,795 Retained earnings 530 780
Net fixed assets 3,360 3,880 Total assets $6,320 $6,675

Required:
What is the equity multiplier for 2017?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 11:00

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Answers: 1

Answer

Business, 22.06.2019 17:30

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Answers: 1

Answer

Business, 22.06.2019 19:20

Win goods inc. is a large multinational conglomerate. as a single business unit, the company's stock price is estimated to be $200. however, by adding the actual market stock prices of each of its individual business units, the stock price of the company as one unit would be $300. what is win goods experiencing in this scenario? a. diversification discount b. learning-curveeffects c. experience-curveeffects d. economies of scale

Answers: 1

Answer

Business, 22.06.2019 20:00

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Answers: 2

Answer

You know the right answer?

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in...

Questions