Business, 23.05.2020 18:01 cvhufjbvbcxx9845

Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $ 8,600
Less: Cost of goods sold 7,290
Less: Depreciation
400

Earnings before interest and taxes $ 910
Less: Interest paid
80

Taxable Income $ 830
Less: Taxes
291

Net income
$ 539

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
2009

2010

2009

2010

Cash $ 140 $ 175 Accounts payable $ 1,150 $ 1,205
Accounts rec. 900 700 Long-term debt 990 1,255
Inventory
1,500

1,535

Common stock $ 3,190 $ 2,890
Total $ 2,540 $ 2,410 Retained earnings
450

700

Net fixed assets
3,240

3,640

Total assets
$ 5,780

$ 6,050

Total liab. & equity
$ 5,780

$ 6,050

What is the return on equity for 2010?

A. 15.01.

B. 18. 65

C. 17.73

D. 25.35

E. 31.49

Please show work for points.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

Answer

Business, 23.06.2019 00:30

Braden’s ice cream shop is losing business. he knows that customers are no longer choosing his product because a competing product has become less expensive, yet he has refused to lower his prices. what has happened to braden’s business?

Answers: 1

Answer

Business, 23.06.2019 01:00

Sarah is an accountant with desires to open her own business. she is looking for office space at a reasonable rate along with internet service. of the conditions that need to be put in place for the entrepreneurial ecosystem, she needs

Answers: 1

Answer

Business, 23.06.2019 01:10

Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance

Answers: 3

Answer

You know the right answer?

Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement (...

Questions