Hi, I need help on financial statement. Thanks 1) 2) 3) 4) 5) Use the following
ID: 2637468 • Letter: H
Question
Hi,
I need help on financial statement. Thanks
1)
2)
3)
4)
5)
Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in millions Net sales Less: Cost of goods sold $ 12,050 7,800 ess: Depreciation 48 Earnings before interest and taxes Less: Interest paid $ 3,770 94 $ 3,676 1,28 S 2,389 axable Income ess: Taxes Net income Winds Inc. 2009 and 2010 Balance Sheets ($ in millions 2009 2010 2009 2010 $ 230 1,050 1,700 $ 1,640 1,360 $ 3,300 $ 3,010 $ 260 nts payable nts rec 1,04 950 Long-term debt mon stock 1,690 Com S 3,190$ 2,900 Retained earnings Inventory 1,91 otal 62 87 Net fixed assets 3,470 3,980 otal assets $ 6,660 $ 6,880 Total liab. & equity $ 6,660 What is the fixed asset turnover? (use 2010 values) 3.03 0.33 2.25 4.16 1.75 0Explanation / Answer
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