Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,000 Cost of goods sold 8,200 Depreciation 395 Earnings before interest and taxes $ 2,405 Interest paid 110 Taxable income $ 2,295 Taxes 689 Net income $ 1,606 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 420 $ 445 Accounts payable $ 2,060 $ 2,005 Accounts rec. 1,210 1,110 Long-term debt 1,120 1,580 Inventory 1,980 1,820 Common stock 3,460 3,190 Total $ 3,610 $ 3,375 Retained earnings 700 950 Net fixed assets 3,730 4,350 Total assets $ 7,340 $ 7,725 Total liab. & equity $ 7,340 $ 7,725 What were the total dividends paid for 2017?
Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,000 Cost of goods sold 8,200 Depreciation 395 Earnings before interest and taxes $ 2,405 Interest paid 110 Taxable income $ 2,295 Taxes 689 Net income $ 1,606 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 420 $ 445 Accounts payable $ 2,060 $ 2,005 Accounts rec. 1,210 1,110 Long-term debt 1,120 1,580 Inventory 1,980 1,820 Common stock 3,460 3,190 Total $ 3,610 $ 3,375 Retained earnings 700 950 Net fixed assets 3,730 4,350 Total assets $ 7,340 $ 7,725 Total liab. & equity $ 7,340 $ 7,725 What were the total dividends paid for 2017?
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
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Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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| Windswept, Inc. 2017 Income Statement ($ in millions) |
|||
| Net sales | $ | 11,000 | |
| Cost of goods sold | 8,200 | ||
| 395 | |||
| Earnings before interest and taxes | $ | 2,405 | |
| Interest paid | 110 | ||
| Taxable income | $ | 2,295 | |
| Taxes | 689 | ||
| Net income | $ | 1,606 | |
| Windswept, Inc. 2016 and 2017 ($ in millions) |
|||||||||||||
| 2016 | 2017 | 2016 | 2017 | ||||||||||
| Cash | $ | 420 | $ | 445 | Accounts payable | $ | 2,060 | $ | 2,005 | ||||
| Accounts rec. | 1,210 | 1,110 | Long-term debt | 1,120 | 1,580 | ||||||||
| Inventory | 1,980 | 1,820 | Common stock | 3,460 | 3,190 | ||||||||
| Total | $ | 3,610 | $ | 3,375 | 700 | 950 | |||||||
| Net fixed assets | 3,730 | 4,350 | |||||||||||
| Total assets | $ | 7,340 | $ | 7,725 | Total liab. & equity | $ | 7,340 | $ | 7,725 | ||||
What were the total dividends paid for 2017?
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