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 incomeCashAccounts receivable.InventoryTotalNet fixed assetsTotal assetsWhat is the quick ratio for 2022?20212022$ 230840Windswept, Incorporated.2021 and 2022 Balance Sheets.(in millions)$2009401,7201,650$ 2,860 $ 2,7203,350$ 9,3207,610450$ 1,260983,880$ 6,210 $ 6,600$ 1,162487$755Accounts payableLong-term debtCommon stockRetained earningsTotal liabilities & equity2021$ 1,2501,0703,280610$ 6,2102022$ 1,3101,2703,160868$ 6,600

he quick ratio, also known as the acid-test ratio, is a financial metric that measures a company's…

Windswept, Incorporated 2022 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 receivable. Inventory Total 2021 $ 200 940 1,720 $ 2.860 2022 $9,320 7,610 450 $ 1,260 98 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 230 840 1,650 $2.720 $1,162 407 $ 755 Accounts payable. Long-term debt Common stocki Retained earnings 2021 $ 1,250 1,070 3,280 610 2022 $1,310 1,270 3,160 BEA

Windswept, Incorporated 2022 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 receivable. Inventory Total 2021 $ 200 940 1,720 $ 2.860 2022 $9,320 7,610 450 $ 1,260 98 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 230 840 1,650 $2.720 $1,162 407 $ 755 Accounts payable. Long-term debt Common stocki Retained earnings 2021 $ 1,250 1,070 3,280 610 2022 $1,310 1,270 3,160 BEA

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter10: Forecasting Financial Statement

Section: Chapter Questions

Problem 5QE: Use the following hypothetical data for Walgreens in Years 11 and 12 to project revenues, cost of...

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Use the following information relating to Clover Company to calculate the inventory turnover ratio, gross margin, and the number of days sales in inventory ratio, for years 2022 and 2023.
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Herbert Wong has extracted the following information from her income statement and balance sheet for 2021 and 2020: 2021 2020 Profit After Tax $656,810 $672,346 Cost of Sales $54,269 $53,251 Sales Revenue $259,368 $212,962 Inventory $35,505 $45,285 Accounts payable $120,483 $129,398 Accounts receivable (Debtors) $59,498 $79,380 Owner's Equity $1,523,999 $1,131,784 Based on the information provided, calculate the Days in Accounts Receivable for 2021, expressed in days to 2 decimal places.
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 11,750 Cost of goods sold 7,750 Depreciation 475 Earnings before interest and taxes $ 3,525 Interest paid 92 Taxable income $ 3,433 Taxes 721 Net income $ 2,712 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 220 $ 250 Accounts payable $ 1,660 $ 1,595 Accounts received 1,030 930 Long-term debt 1,030 1,350 Inventory 1,880 1,675 Common stock 3,280 3,000 Total $ 3,130 $ 2,855 Retained earnings 610 860 Net fixed assets 3,450 3,950 Total assets $ 6,580 $ 6,805 Total liabilities & equity $ 6,580 $ 6,805 What is the fixed asset turnover for 2021?
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 9,250 Cost of goods sold 7,550 Depreciation 330 Earnings before interest and taxes $ 1,370 Interest paid 82 Taxable income $ 1,288 Taxes 270 Net income $ 1,018 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 200 $ 215 Accounts payable $ 1,380 $ 1,587 Accounts received 950 850 Long-term debt 1,000 1,178 Inventory 1,620 1,580 Common stock 3,200 2,950 Total $ 2,770 $ 2,645 Retained earnings 510 760 Net fixed assets 3,320 3,830 Total assets $ 6,090 $ 6,475 Total liabilities & equity $ 6,090 $ 6,475 Windswept, Incorporated, has 350 million shares of stock outstanding. Its price-earnings ratio for 2021 is 12. What is the market price per share of stock?