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 2020 $ 270 1, 090 1,760 $ 3, 120 3, 460 $ 6, 580 2021 $ 290 990 1, 650 $ 9,950 7, 900 365 $1,685 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) $ 2,930 4, 040 $ 6,970 98 $ 1,587 333 $ 1,254 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $1,540 1, 060 3, 340 640 $ 6, 580 2021 $ 1,812 1, 248 3,020 890 $ 6,970 Windswept, Incorporated, has 540 million shares of stock outstanding. Its price-earnings ratio for 2021 is 15. What is the market price per share of stock?

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 2020 $ 270 1, 090 1,760 $ 3, 120 3, 460 $ 6, 580 2021 $ 290 990 1, 650 $ 9,950 7, 900 365 $1,685 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) $ 2,930 4, 040 $ 6,970 98 $ 1,587 333 $ 1,254 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $1,540 1, 060 3, 340 640 $ 6, 580 2021 $ 1,812 1, 248 3,020 890 $ 6,970 Windswept, Incorporated, has 540 million shares of stock outstanding. Its price-earnings ratio for 2021 is 15. What is the market price per share of stock?

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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302. Subject : - finance
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How much net income did Wolf Enterprises earn during 2021? Net income for 2021 was Cost of services sold Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2020 $ 14,500 Service revenue 40,800 Depreciation expense Other revenue 6,100 Dividends declared Income tax expense 2,700 Income tax payable 32,400 4,200 700 700 500 1,100
- What are the firm’s current ratios for 2018 and 2019?
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