Cash Coverage Ratio for 2017
Cash Coverage Ratio = (Earnings Before Interest and Taxes + Non-Cash Expenses) / Interest Expense
Cash Coverage Ratio = (1865 + 435)/110
Cash Coverage Ratio = 20.91
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,500 Cost of goods sold 8,200 Depreciation 495 Earnings before interest and taxes $ 1,805 Interest paid 110 Taxable income $ 1,695 Taxes 593 Net income $ 1,102 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 330 $ 365 Accounts payable $ 1,760 $ 2,030 Accounts rec. 1,210 1,110 Long-term debt 1,120...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $13,550 8,050 505 $ 4,995 104 $ 4,891 1,712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,050 Long-term debt 2,060 1,765...
Use the following information to answer this question Windswept, Inc. 2017 Income Statement (ş in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,050 7,950 370 $ 1,730 100 $ 1,630 489 $ 1,141 Windswept, Inc. 2016 and 2017 Balance Sheets (ş in millions) 2017 2016 2017 $1,570 $1,852 1,070 1,258 3,360 3,030 900 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets $ 280 $...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $10,020 8,110 500 $ 1,410 118 $ 1,292 452 $ 840 Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,140 1,040 Long-term debt 2,020 1,800...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9, 100 7,500 365 $1,235 95 $1,140 399 $ 741 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 1, 000 900 Long-term debt Cash Accounts rec. < Prev 39 of 50 ! Next acer Taxes...
Use the following information to answer this question. $13,550 8,050 Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Sas $ 4,995 184 $ 4,891 1.712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,850 Long-term debt 2,860 1,765...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,700 Cost of goods sold 7,300 Depreciation 345 Earnings before interest and taxes $ 1,055 Interest paid 87 Taxable income $ 968 Taxes 339 Net income $ 629 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 140 $ 170 Accounts payable $ 1,180 $ 1,267 Accounts rec. 920 730 Long-term debt 1,020...
Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods Sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $8,600 7,290 400 $ 910 80 $ 830 291 $539 Windswept, Inc. 2016 and 2017 Balance Sheets (ş in millions) 2017 2016 $ 140 $ 175 Accounts payable 2017 $1,150 $1,205 990 1,255 3,190 2,890 700 2016 Cash Accounts rec. Inventory Total Net fixed assets...
Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,250 7,550 330 $1,37€ $1,288 386 $ 902 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 200 $ 215 Accounts payable 950 850 Long-term debt 1,620 1,580 Common stock $2,770...
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9200 Cost of goods sold 7390 Depreciation 305 Earnings before interest and taxes $ 1505 Interest paid 87 Taxable income $ 1418 Taxes 425 Net income $ 993 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 240 $ 255 Accounts payable $ 1380 $ 1315 Accounts rec. 1020 730 Long-term debt 1130 1400...