Reference no: EM131051546
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 10,050 Less: Cost of goods sold 7,700 Less: Depreciation 395 Earnings before interest and taxes $ 1,955 Less: Interest paid 90 Taxable Income $ 1,865 Less: Taxes 653 Net income $ 1,212 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 230 $ 260 Accounts payable $ 1,590 $ 1,617 Accounts rec. 1,010 910 Long-term debt 1,020 1,303 Inventory 1,850 1,670 Common stock $ 3,260 $ 2,980 Total $ 3,090 $ 2,840 Retained earnings 600 850 Net fixed assets 3,380 3,910 Total assets $ 6,470 $ 6,750 Total liab. & equity $ 6,470 $ 6,750 What is the equity multiplier for 2010?
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If the bonds yield to maturity changes
: Suppose a 10 year, 1000 bond with a 10% coupon rate and semi-annual coupons is trading for a price of 1,032.44. What is the bond's yield to maturity (expressed as an APR with semiannual compounding). If the bonds yield to maturity changes to 10% APR,..
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Spend evaluating factors other than price
: How important is price to you when buying the following: clothes, milk, computers, haircuts, rental cars? What nonprice factors, if any, are more important than price? How much time do you spend evaluating factors other than price when making such..
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What is the real-world expected payoff
: A binary option pays off $500 if a stock price is greater than $60 in three months. The current stock price is $61 and its volatility is 20%. The risk-free rate is 2% and the expected return on the stock is 8%. What is the value of the option? What i..
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Restricted domain and range for function
: The function C (x) = 25x + 80,000 express the total cost C (x) (in K£) of manufacturing x units of a product. If the maximum number of units which can be produced equals 20,000, state the restricted domain and range for this function
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What is the equity multiplier
: Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 10,050 Less: Cost of goods sold 7,700 Less: Depreciation 395 Earnings before interest and taxes $ 1,955 Less: What is the equity ..
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Question regarding the code of ethics
: By combining the theories and best ethical practice discussed in the coursework to support your case create a revised "Code of Ethics" which would apply to the organization and the desired outcomes. Explain how you would "assess" such a "strategy"..
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How will transaction deposits change if the fed increases
: In recent years, the Fed has shown a willingness to decrease existing reserve requirements. Suppose that the transaction deposits at bank and other financial institutions total $900 billion and that a reserve requirement of 10 percent applies only to..
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Discuss the role of glass that faces
: How should windows be treated on each of these facades to minimize summertime solar heat gain?
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Discuss the issues the project manager must consider
: Discuss the issues the project manager must consider when assigning programming tasks to programmers.
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