es Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales $ 6,420 Cost of goods sold Depreciation 4,140 345 Earnings before interest and taxes $ 1,935 37 Interest paid Taxable income Taxes Net income $ 1,898 664 $ 1,234 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 Cash $ 100 $ 205 Accounts payable Accounts receivable Inventory 950 1,640 2,050 Total $ 2,690 $3,045 Net fixed assets Total assets $ 6,340 $ 6,575 790 3,650 3,530 Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,480 2022 $1,815 800 590 3,200 860 3,060 1,110 $ 6,340 $ 6,575 What is the equity multiplier for 2022?

es Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) Net sales $ 6,420 Cost of goods sold Depreciation 4,140 345 Earnings before interest and taxes $ 1,935 37 Interest paid Taxable income Taxes Net income $ 1,898 664 $ 1,234 Bayside, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 Cash $ 100 $ 205 Accounts payable Accounts receivable Inventory 950 1,640 2,050 Total $ 2,690 $3,045 Net fixed assets Total assets $ 6,340 $ 6,575 790 3,650 3,530 Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,480 2022 $1,815 800 590 3,200 860 3,060 1,110 $ 6,340 $ 6,575 What is the equity multiplier for 2022?

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,400 Cost of goods sold 7,650 Depreciation 440 Earnings before interest and taxes $ 1,310 Interest paid 88 Taxable income $ 1,222 Taxes 257 Net income $ 965 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 220 $ 255 Accounts payable $ 1,490 $ 1,595 Accounts received 990 890 Long-term debt 1,010 1,335 Inventory 1,660 1,655 Common stock 3,240 2,970 Total $ 2,870 $ 2,800 Retained earnings 530 780 Net fixed assets 3,400 3,880 Total assets $ 6,270 $ 6,680 Total liabilities & equity $ 6,270 $ 6,680 What is the return on equity for 2021?
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 11,750 Cost of goods sold 7,750 Depreciation 475 Earnings before interest and taxes $ 3,525 Interest paid 92 Taxable income $ 3,433 Taxes 721 Net income $ 2,712 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 220 $ 250 Accounts payable $ 1,660 $ 1,595 Accounts received 1,030 930 Long-term debt 1,030 1,350 Inventory 1,880 1,675 Common stock 3,280 3,000 Total $ 3,130 $ 2,855 Retained earnings 610 860 Net fixed assets 3,450 3,950 Total assets $ 6,580 $ 6,805 Total liabilities & equity $ 6,580 $ 6,805 What is the fixed asset turnover for 2021?
Use the following information to answer this question: Net sales Windswept, Incorporated 2021 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,050 7,540 430 $ 1,080 96 $ 984 344 $ 640 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 Cash $ 180 2021 $ 210 2020 Accounts payable $ 1,190 Accounts received Inventory 900 1,670 800 1,610 Long-term debt Common stock 1,070 3,280 2021 $ 1,335 1,285 2,970 Total $ 2,750 $ 2,620 Retained earnings 560 810 Net fixed assets. Total assets 3,350 $6,100 3,780 $6,400 Total liabilities & equity $ 6,100 $ 6,400 What is the days' sales in receivables for 2021?
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,250 Cost of goods sold 7,550 Depreciation 330 Earnings before interest and taxes $ 1,370 Interest paid 82 Taxable income $ 1,288 Taxes 270 Net income $ 1,018 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 200 $ 215 Accounts payable $ 1,380 $ 1,587 Accounts received 950 850 Long-term debt 1,000 1,178 Inventory 1,620 1,580 Common stock 3,200 2,950 Total $ 2,770 $ 2,645 Retained earnings 510 760 Net fixed assets 3,320 3,830 Total assets $ 6,090 $ 6,475 Total liabilities & equity $ 6,090 $ 6,475 Windswept, Incorporated, has 350 million shares of stock outstanding. Its price-earnings ratio for 2021 is 12. What is the market price per share of stock?
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3 Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets What is the return on equity for 2021? 2020 $ 8,600 7,290 400 $910 80 $ 830 174 $ 656 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2021 $ 175 700 1,5357 $ 2,410 3,640 $6,050 $ 140 900 1,500 $ 2,540 3,240 $5,780 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,150 990 3,190 450 $ 5,780 2021 $ 1,205 1,255 21890 700 $ 6,050
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6. Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Cash Earnings before $1,625 interest and taxes Interest paid Taxable income Taxes Net income Accounts received Inventory Total 10,100 8,000 475 Net fixed assets Total assets 102 $ 1,523 320 $ 1,203 Windswept, Incorporated 2020 and 2021 Balance Sheets. ($ in millions) 2020 2021 $ 290 $ 325 1,130 1,030 1,800 1,760 $ 3,115 4,090 $ 3,220 3,540 $ 6,760 $ 7,205 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,640 1,080 3,380 660 $ 6,760 What is the return on equity for 2021? Write down your calculation. (10%) 2021 $ 1,850 1,405 3,040 910 $ 7,205
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