Business, 06.10.2019 04:00 DragonWarrior203

Windswept, inc. 2010 income statement ($ in millions) net sales $ 8,700 less: cost of goods sold 7,340 less: depreciation 405 earnings before interest and taxes $ 955 less: interest paid 82 taxable income $ 873 less: taxes 306 net income $ 567 windswept, inc. 2009 and 2010 balance sheets ($ in millions) 2009 2010 2009 2010 cash $ 150 $ 185 accounts payable $ 1,180 $ 1,260 accounts rec. 920 730 long-term debt 1,000 1,265 inventory 1,520 1,550 common stock $ 3,210 $ 2,900 total $ 2,590 $ 2,465 retained earnings 460 710 net fixed assets 3,260 3,670 total assets $ 5,850 $ 6,135 total liab. & equity $ 5,850 $ 6,135 what is the return on equity for 2010?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 15:30

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?

Answers: 1

Answer

Business, 22.06.2019 12:10

Laws corporation is considering the purchase of a machine costing $16,000. estimated cash savings from using the new machine are $4,120 per year. the machine will have no salvage value at the end of its useful life of six years and the required rate of return for laws corporation is 12%. the machine's internal rate of return is closest to (ignore income taxes) (a) 12% (b) 14% (c) 16% (d) 18%

Answers: 1

Answer

Business, 22.06.2019 13:10

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Answers: 3

Answer

Business, 22.06.2019 19:40

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40

Answers: 3

Answer

You know the right answer?

Windswept, inc. 2010 income statement ($ in millions) net sales $ 8,700 less: cost of goods sold 7,...

Questions