Use the following information to answer this question.Windswept, Incorporated2022 Income Statement(in millions)Net salesCost of goods soldDepreciationEarnings before interest and taxesInterest paidTaxable incomeTaxesNet income$ 10,2007,800355$ 2,04594$ 1,951585$ 1,366Windswept, Incorporated2021 and 2022 Balance Sheets(in millions)CashAccounts receivableInventoryTotal202120222021$ 340$ 360Accounts payable.$ 1,8202022$ 1,6801,0509501,0401,8201,7403,3006201,5003,110870$ 3,210 $ 3,0503,570 4,110Net fixed assetsTotal assets$ 6,780 $7,160What were the total dividends paid for 2022?Long-term debtCommon stockRetained earningsTotal liabilities & equity$ 6,780 $ 7,160

To find the total dividends paid for 2022, we can use the information provided in the income…

Answered: Use the following information to answer…

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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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 $ 10,800 7,950 420 $ 2,430 100 $ 2,330 489 $ 1,841 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 Cash $ 280 $ 310 Accounts payable $ 1,790 2021 $ 1,842 Accounts received 1,110 1,010 Long-term debt Inventory 2,000 1,745 Common stock 1,070 3,360 1,353 3,030 Total $ 3,390 $ 3,065 Retained earnings 650 900 Net fixed assets 3,480 4,060 Total assets $ 6,870 $ 7,125 Total liabilities & equity $ 6,870 $ 7,125 What is the equity multiplier for 2021?
Please help me prepare a statement of cash flow for the year ended December 31, 2019
Acc
The following are financial statements of Carla Vista Co.. Carla Vista Co.Income StatementFor the Year Ended December 31, 2022 Net sales $2,247,500 Cost of goods sold 1,018,500 Selling and administrative expenses 901,000 Interest expense 82,000 Income tax expense 75,000 Net income $ 171,000 Carla Vista Co.Balance SheetDecember 31, 2022 Assets Current assets Cash $ 56,300 Debt investments 81,000 Accounts receivable (net) 169,500 Inventory 118,900 Total current assets 425,700 Plant assets (net) 574,000 Total assets $ 999,700 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 161,000 Income taxes payable 37,000 Total current liabilities 198,000 Bonds payable 201,880 Total liabilities 399,880 Stockholders’ equity Common stock 355,000 Retained earnings 244,820…
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2024 Net sales Expenses: Cost of goods sold Operating expenses Depreciation expense Income tax expense Total expenses Net income Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable $1,100,000 610,000 55,000 45,000 PEACH COMPUTER Selected Balance Sheet Data December 31 2024 $107,000 45,500 80,000 3,500 50,000 5,500 2023 $87,500 51,500 57,500 6,000 39,500 12,500 $1,925,000 1,810,000 $115,000 Increase (I) or Decrease (D) $19,500 (I) (D) 6,000 22,500 (I 2,500 (D) 10,500 (I) 7,000 (D)
Required: 1. Prepare a statement of cash flows for 2020 using the indirect method. 2. Compute the following 2 ratios for 2020: InventoryTurnover and Payout Ratio
Multiple Choice Sa O 84 times 2.06 times 1.87 times 82 times. 1.22 times
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) 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 $ 150 1,150 1,825 $ 3,125 3,860 $ 6,985 $ 6,270 4,640 400 $ 1,230 46 $ 1,184 249 $935 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 $ 255 990 2,140 $ 3,385 3,680 $ 7,065 Total liabilities & equity Accounts payable Long-term debt Common stock Retained earnings BOLSA- How many dollars of sales were generated from every dollar of fixed assets during 2021? دا 2020 $1,735 890 3,400 960 $ 6,985 2021 $ 1,805 690 3,360 1,210 $ 7,065
Find cashflow from Financing activities
Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Costs Other expenses EBIT Assets Interest Taxable income Taxes (35%) Net income Dividends Add. to RE Current assets Cash Nuesca Holidays Inc. Statement of Financial Position as of December 31, 2017 Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Nuesca Holidays Inc. Pro Forma Statement of Comprehensive Income 30 % Sales Complete the pro forma statement of comprehensive income below. (Input all amounts as positive values. Omit $ sign in your response.) Accounts receivable Inventory Total Total assets $ 25,800 41,200 87,400 $154,400 Fixed assets Net plant and equipment EFN $400,000 $554,400 Assets Calculate the EFN for 30% growth rates. 30% $ Complete the pro forma statement of financial position below. Complete the pro forma statement of financial position below. Growth $ Current liabilities…
66. Subject :- Accounting
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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