Homework Helper

Not Rated (0)

$17/per page/

About Homework Helper

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Applied Sciences See all
Accounting,Applied Sciences,Art & Design,Chemistry,Economics,Essay writing Hide all
Teaching Since: Apr 2017
Last Sign in: 418 Weeks Ago, 5 Days Ago
Questions Answered: 3232
Tutorials Posted: 3232

Education

  • MBA,MCS,M.phil
    Devry University
    Jan-2008 - Jan-2011

  • MBA,MCS,M.Phil
    Devry University
    Feb-2000 - Jan-2004

Experience

  • Regional Manager
    Abercrombie & Fitch.
    Mar-2005 - Nov-2010

  • Regional Manager
    Abercrombie & Fitch.
    Jan-2005 - Jan-2008

Category > Business & Finance Posted 10 Jun 2017 My Price 8.00

Use the following information to answer this question.

Use the following information to answer this question.

    

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $ 8,850
Less: Cost of goods sold 7,300
Less: Depreciation

355
Earnings before interest and taxes $ 1,195
Less: Interest paid

85
Taxable Income $ 1,110
Less: Taxes

389
Net income

$ 721

   

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
 

2009

2010

  

2009

2010
Cash $ 150 $ 180 Accounts payable $ 1,110 $ 1,297
Accounts rec. 820 730 Long-term debt 990 1,223
Inventory

1,540

1,550

 Common stock $ 3,170 $ 2,900
Total $ 2,510 $ 2,460 Retained earnings

460

710
Net fixed assets

3,220

3,670

      
Total assets

$ 5,730

$ 6,130

 Total liab. & equity

$ 5,730

$ 6,130

    

What is the equity multiplier for 2010?

Answers

Homework Helper
Not Rated (0)
Status NEW Posted 10 Jun 2017 09:06 AM My Price 8.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

Not Rated(0)
Relevent Questions