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 equity multiplier for 2021? 2020 $ 280 1,110 2,000 $ 3,390 3,480 $ 6,870 $ 10,800 7,950 420 $ 2,430 100 $ 2,330 489 $ 1,841 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2021 $310 1,010 1,745 $ 3,065 4,060 $ 7,125 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,790 1,070 3,360 650 $ 6,870 2021 $ 1,842 1,353 3,030 900 $ 7,125
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 equity multiplier for 2021? 2020 $ 280 1,110 2,000 $ 3,390 3,480 $ 6,870 $ 10,800 7,950 420 $ 2,430 100 $ 2,330 489 $ 1,841 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2021 $310 1,010 1,745 $ 3,065 4,060 $ 7,125 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 1,790 1,070 3,360 650 $ 6,870 2021 $ 1,842 1,353 3,030 900 $ 7,125
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text: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 equity multiplier for 2021?
2020
2021
$ 10,800
7,950
420
$ 280
$ 310
1,110
1,010
2,000
1,745
$ 3,390 $ 3,065
3,480
4,060
$ 6,870
$ 7,125
$ 2,430
100
Windswept, Incorporated
2020 and 2021 Balance Sheets
($ in millions)
$ 2,330
489
$ 1,841
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities & equity
2020
$ 1,790
1,070
3,360
650
$ 6,870
2021
$ 1,842
1,353
3,030
900
$ 7,125
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