Homework Answers
The fixed asset turnover :
= Net sales/ Net fixed assets
net fixed assets = fixed assets - depreciation
Net sales = $9,950 (as per 2010 values )
Net fixed assets = $3,770 (as per 2010 values )
The fixed asset turnover is = $9,950/$3,770
= 2.6393
= 2.64 (rounded off to two decimal places)
The correct option is option C.
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Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in millions) $ 9,30 et sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid 7,600 435 $1,265 $1,171 410 $ 761 axable Income Less: Taxes et income Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 $ 210 $ 245Accounts payable $1,460 $1,550 1,000 1,325 1,640 1,640 Common stock 3,220$ 2,960 ash 97 870Long-term...
Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 9,400 Less: Cost of goods sold 7,490 Less: Depreciation 315 Earnings before interest and taxes $ 1,595 Less: Interest paid Taxable Income $ 1,504 Less: Taxes 451 Net income $ 1,053 Dividends $ 803 Windswept, Inc. Balance Sheets ($ in millions) Last This Last This Year Year Year Year Cash $ 260 $ 275 Accounts payable $1.440 $ 1,585 Accounts rec. 1,060 960 Long-term debt 1150 1,420 Inventory 1,660...
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Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) et sales ess: Cost of goods sold ess: Depreciation arnings before interest and taxes ess: Interest paid axable Income ess: Taxes $ 91 7,340 $1,4 $1,37 85 413 ncome $ 962 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2009 2010 2010 $ 23 $230Accounts payable $1,350 $1,350 1,390 $3,260$3,000 700 rec term 1,120 ,60 1,630 Common stock otal 450 S...
Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in millions Net sales $10,500 8,200 495 $1,805 110 $1,695 Less: Cost of goods sold Less: Depreciation arnings before interest and taxes ess: Interest paid Taxable Income ess: Taxes Net income 593 $ 1,102 2009 2010 2009 2010 Cash $330 $365 Accounts payable $1,7602,030 1,445 60 $ 3,080 Accounts rec. nventory Total Net fixed assets Total assets 1,21 1,880 1,110 Long-term debt 1,820 Common stock 1,120...
Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 10,800 Less: Cost of goods sold 8,100 Less: Depreciation 385 Earnings before interest and taxes $ 2,315 Less: Interest paid 106 Taxable income $ 2,209 Less: Taxes 663 Net income $ 1,546 Dividends $ 1,296 Windswept, Inc. Balance Sheets ($ in millions) Last This Last This Year Year Year Year Cash $ 400 $ 425 Accounts payable $2,000 $1,925 Accounts rec. 1,170 1,070 Long-term debt 1.1001 1560 Inventory 1,940...
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) et sales ess: Cost of goods sold ess: Depreciation $9,250 7,56 arnings before interest and taxes ess: Interest paid axable Income ess: Taxes et income $1,24 96 $ 1,14 40 $ 74 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions 2010 2009 2010 $1,210 $1,285 1,060 1,2 ash $ 190 $ 22 unts payable ccounts rec term debt mon stock $2,800 $2,675...
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 $...
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