Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Cash Accounts rec. Inventory Windswept, Inc. Balance Sheets ($ in millions) Last This Year Year $275 Accounts payable 960 Long-term debt 1,660 1,660 Common stock $2,980 $2,895 Retained earnings Total Net fixed assets Total assets $260 1,060 $9,400 7,490 315 $1,595 91 $1,504 451 $1,053 $803 What is the operating cash flow? Last Year $1,440 $1,585 1,150 1,420 $3,320 $ 3,030 480 730 This Year 3,410 3,870 $ 6,390 $ 6,765 Total liab. & equity $ 6,390 $ 6,765
Windswept, Inc. Current Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Dividends Cash Accounts rec. Inventory Windswept, Inc. Balance Sheets ($ in millions) Last This Year Year $275 Accounts payable 960 Long-term debt 1,660 1,660 Common stock $2,980 $2,895 Retained earnings Total Net fixed assets Total assets $260 1,060 $9,400 7,490 315 $1,595 91 $1,504 451 $1,053 $803 What is the operating cash flow? Last Year $1,440 $1,585 1,150 1,420 $3,320 $ 3,030 480 730 This Year 3,410 3,870 $ 6,390 $ 6,765 Total liab. & equity $ 6,390 $ 6,765
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
Transcribed Image Text:Windswept, Inc. Current Income Statement ($ in
millions)
Net sales
Less: Cost of goods sold
Less: Depreciation
Earnings before interest and taxes
Less: Interest paid
Taxable Income
Less: Taxes
Net income
Dividends
Cash
Accounts rec.
Inventory
Windswept, Inc. Balance Sheets ($ in millions)
Last This
Year
Year
Total
Net fixed assets
Total assets
What is the operating cash flow?
$9,400
7,490
315
$1,595
91
$1,504
451
PEN
8
$1,053
$803
****
$260 $275 Accounts payable
960 Long-term debt
1,060
1,660 1,660 Common stock
$2,980 $2,895 Retained earnings
3,410 3,870
$ 6,390 $ 6,765 Total liab. & equity $ 6,390 $ 6,765
Last
Year
$1,440 $1,585
1,150 1,420
$3,320 $3,030
480 730
This
Year
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