Earnings before interest, Earnings before interest and

Earnings before interest

Assignment Help Financial Accounting

Reference no: EM13915396

Use the following information to answer this question.
Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales			$ 9,530
Less: Cost of goods sold			7,760
Less: Depreciation			465
Earnings before interest and taxes			$ 1,305
Less: Interest paid			104
Taxable Income			$ 1,201
Less: Taxes			420
Net income			$ 781
Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010			2009	2010
Cash	$ 230	$ 260		Accounts payable	$ 1,370	$ 1,385
Accounts rec.	1,000	900		Long-term debt	1,100	1,300
Inventory	1,810	1,695		Common stock	$ 3,340	$ 3,250
Total	$ 3,040	$ 2,855		Retained earnings	640	890
Net fixed assets	3,410	3,970
Total assets	$ 6,450	$ 6,825		Total liab. & equity	$ 6,450	$ 6,825
What is the quick ratio for 2010?

1.22

2.06

1.87

0.82

0.84

Reference no: EM13915396

Questions Cloud

Contribute to her pension fund : Robert wants to withdraw $100,000 a year for 30 years after he retires. He will probably work for 30 years and earn 7 interest during the whole time. How much does Robert have to contribute to her pension fund each year so she can retire on $100,000 ..

Is the us current account deficit sustainable : 1) Is the US current account deficit sustainable? Please discuss this topic after reading "Stop Worrying and Love the Deficit" by The Economist.2) Which exchange rate regime is a better approach in developing countries: fixed or floating? Please disc..

Business model and strategic plan : Create a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your ..

Calculate the worst-case and best-case NPV : We are evaluating a project that costs $829,000, has an nine-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 113,000 units per year. Calculate the best-case N..

Earnings before interest : Earnings before interest and taxes Inventory Taxable Income

Accounts receivable turnover equals : A company had net sales of $540,000, total sales of $690,000, and an average accounts receivable of $83,000. Its accounts receivable turnover equals:

Compute the amount of the stock dividend : Hogan Corporation issued a 5 percent stock dividend on 20,000 shares of its $10 par common stock. At the time of the dividend, the market value of the stock was $15 per share.

What is the slope of this equation : In forecasting, MacDonald's Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; +bx. Where 'y' represents the number of sales and 'a' is the number they started wit..

How much of the loss with the insurance company pay : Bob had a $75,000 repair bill on his office building after Super storm Sandy hit Staten Island last year. His policy contained the usual 90% co-insurance clause for businesses. His office's replacement value was $350,000; his policy coverage was $275..

User Account

All Pages