Use the following information to answer this question:Windswept, Incorporated2021 Income Statement($ in millions)Net salesCost of goods soldDepreciationEarnings before interest and taxesInterest paidTaxable incomeTaxesNet incomeCashAccounts receivedInventoryTotalNet fixed assetsTotal assetsWhat is the equity multiplier for 2021?Multiple Choice1.78 times3.33 times2.25 times1.31 times2.64 times20202021$ 250890$ 9,9007,650390$ 1,86088Windswept, Incorporated2020 and 2021 Balance Sheets($ in millions)$2209901,7501,655$ 2,960 $ 2,7953,360 3,880$ 6,320 $ 6,675$ 1,772372$1,400Accounts payableLong-term debtCommon stockRetained earningsTotal liabilities & equity2020$ 1,5401,0103,240530$ 6,3202021$ 1,6321,2932,970780$ 6,675

Assets are the resources owned by the company while equity is the amount invested by the owner in…

Use the following information to answer this question: Net sales Cost of goods sold. Depreciation Windswept, Incorporated 2021 Income Statement ($ in millions) 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 equity multiplier for 2021? Multiple Choice O 1.78 times. 3.33 times 2.25 times $ 9,900 7,650 390 $ 1,860 88 $ 1,772 372 $ 1,400 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 $ 220 2021 $250 890 990 1,750 1,655 $ 2,960 $ 2,795 3,360 3,880 $ 6,320 $ 6,675 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,540 1,010 3,240 530 $ 6,320 2021 $ 1,632 1,293 2,970 780 $ 6,675

Use the following information to answer this question: Net sales Cost of goods sold. Depreciation Windswept, Incorporated 2021 Income Statement ($ in millions) 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 equity multiplier for 2021? Multiple Choice O 1.78 times. 3.33 times 2.25 times $ 9,900 7,650 390 $ 1,860 88 $ 1,772 372 $ 1,400 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 $ 220 2021 $250 890 990 1,750 1,655 $ 2,960 $ 2,795 3,360 3,880 $ 6,320 $ 6,675 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,540 1,010 3,240 530 $ 6,320 2021 $ 1,632 1,293 2,970 780 $ 6,675

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset Total liabilities Total stockholders' equity Net sales Operating income Interest expense Investment income Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. 2024 $ 852,540 45,050 1,120,545 2,812,020 4,212,686 96,555 9,139,396 4,204,122 4,935,274 15,579,865 5,452,953 157, 655 5,947 X Answer is complete but not entirely correct. Return on investments ratio 4.2 X % 2023 $ 750,235 39,194 1,030,901 2,615,179 3,749,291 82,072 8,266,871 3,968,098 4,298,773 13,710,281 4,661,496 148,804 4,851
Multiple Choice Sa O 84 times 2.06 times 1.87 times 82 times. 1.22 times
Use the following information to answer this question. Windswept, Inc. 2017 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 rec.. Inventory Total Net fixed assets Total assets $11,400 8,150 440 $ 2,810 108 $ 2,702 946 $1,756 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 320 $ 350 What is the equity multiplier for 2017? Accounts payable 1,190 1,090 Long-term debt 2,120 1,805 Common stock $3,630 $3,245 Retained earnings 3,560 4,180 $7,190 $7,425 Total liab. & equity 2016 2017 $1,950 $2,022 1,110 1,393. 3,440 3,070 690 940 $7,190 $7,425
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Het sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 What is the equity multiplier for 20227 $11,100 8,050 430 $ 2,620 104 $2,516 881 $ 1,635 Windswept, 2921 and 2022 Balance Sheets. (in millions) 2022 $300 1,150 1,050 2,060 1,775 $ 3,510 $3,155 3,520 4,120 $7,030 $7,275 $ 330 porated Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $1,870 1,090 3,400 670 2022 $1,932 1,373 3,050 920 $7,030 $7,275.
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10..new Comparative balance sheet accounts of Sheridan Inc. are presented below. SHERIDAN INC.COMPARATIVE BALANCE SHEET ACCOUNTSAS OF DECEMBER 31, 2020 AND 2019 December 31 Debit Accounts 2020 2019 Cash $41,600 $33,700 Accounts Receivable 70,500 60,600 Inventory 29,700 23,700 Equity investments 22,300 38,900 Machinery 29,900 18,800 Buildings 67,600 56,300 Land 7,600 7,600 $269,200 $239,600 Credit Accounts Allowance for Doubtful Accounts $2,200 $1,500 Accumulated Depreciation—Machinery 5,600 2,300 Accumulated Depreciation—Buildings 13,500 9,000 Accounts Payable 34,700 24,800 Accrued Payables 3,300 2,600 Long-Term Notes Payable 20,900 31,300 Common Stock, no-par 150,000 125,000 Retained Earnings 39,000 43,100 $269,200 $239,600 Additional data (ignoring taxes): 1.…
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Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
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left numbers are 2025 right column is 2024. i need to figure out B. asset turnover C return on assets D. return on common stockholder equity.
Comparative balance sheets for Softech Canvas Goods for 2021 and 2020 are shown below. Softech pays no dividends and instead reinvests all earnings for future growth. Comparative Balance Sheets ( $ in thousands) December 31 2021 2020 Assets: Cash $ 89 $ 66 Accounts receivable 165 185 Short-term investments 76 66 330 218 Inventory Property, plant, and equipment (net) 860 745 $1,520 $1,280 Liabilities and Shareholders' Equity: Current liabilities $ 370 $ 275 Bonds payable Paid-in capital Retained earnings 225 225 595 595 330 185 $1,520 $1,280 Required: 1. Determine the return on shareholders' equity for 2021. (Round your answer to 2 decimal places.) Return on shareholders' equity