Use the following information to answer this question.
Windswept, Inc.
2017 Income Statement
($ in millions)...
Use the following information to answer this question.
Windswept, Inc.
2017 Income Statement
($ in millions)
Net sales
$
8,950
Cost of goods sold
7,490
Depreciation
425
Earnings before interest and taxes
$
1,035
Interest paid
94
Taxable income
$
941
Taxes
329
Net income
$
612
Windswept, Inc.
2016 and 2017 Balance Sheets
($ in millions)
2016
2017
2016
2017
Cash
$
170
$
200
Accounts payable
$
1,150
$
1,285
Accounts rec.
880
780
Long-term debt
1,060...
Use the following information to answer this question.
Windswept, Inc.
2017 Income Statement
($ in millions)...
Use the following information to answer this question.
Windswept, Inc.
2017 Income Statement
($ in millions)
Net sales
$
11,000
Cost of goods sold
8,200
Depreciation
395
Earnings before interest and
taxes
$
2,405
Interest paid
110
Taxable income
$
2,295
Taxes
689
Net income
$
1,606
Windswept, Inc.
2016 and 2017 Balance Sheets
($ in millions)
2016
2017
2016
2017
Cash
$
420
$
445
Accounts
payable
$
2,060
$
2,005
Accounts rec.
1,210
1,110
Long-term debt
1,120...
Bob Evans Corporation’s financial statements ($
millions) …
Income Statement Summary
2016
2017
Sales
$1,799
$2,010...
Bob Evans Corporation’s financial statements ($
millions) …
Income Statement Summary
2016
2017
Sales
$1,799
$2,010
Earnings before interest & taxes
(EBIT)
$221
$304
Interest expense (net)
(7)
(12)
Income before taxes
$214
$292
Income Taxes
(79)
(99)
Tax Rate
37%
34%
Net income
$135
$193
Common shares outstanding
(millions)
38
38
Balance Sheet Summary
2015
2016
2017
Current assets
$504
$536
$654
Timberland assets
513
508
513
Property, plant & equipment
681
718
827
Other assets
151
34
38...
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595...
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595
Cost of sales
71,043
66,548
62,282
Gross profit
37,160
34,356
32,313
Operating expenses:
Selling, general and administrative
19,513
17,864
17,132
Depreciation and amortization
1,870
1,811
1,754
Impairment loss
247
0
0
Total operating expenses
21,630
19,675
18,886
Operating income
15,530
14,681
13,427
Interest and other (income) expense:
Interest and investment income
-93
-74
-36
Interest expense
1,051
1,057
972
Other
16
0
0
Interest...
A company has $614 in inventory, $1,903 in net fixed assets,
$288 in accounts receivable, $133...
A company has $614 in inventory, $1,903 in net fixed assets,
$288 in accounts receivable, $133 in cash, and $338 in accounts
payable. What are the company's total current assets?
A firm has $816 in inventory, $1,640 in fixed assets, $616 in
accounts receivable, $372 in net working capital, and $207 in cash.
What is the amount of current liabilities?
You are examining a company's balance sheet and find that it has
total assets of $20,134, a cash balance of...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross...
LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2016 and 2017
2017
2016
Gross sales
$
19,000
$
15,000
Sales returns and
allowances
1,000
100
Net sales
$
18,000
$
14,900
Cost of merchandise (goods)
sold
12,000
9,000
Gross profit
$
6,000
$
5,900
Operating expenses:
Depreciation
$
700
$
600
Selling and administrative
2,200
2,000
Research
550
500
Miscellaneous
360
300
Total operating expenses
$
3,810
$
3,400
Income before interest and
taxes
$
2,190
$
2,500...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of dollars):
Sales
$700
Operating costs including
depreciation
500
EBIT
$200
Interest
40
EBT
$160
Taxes (40%)
64
Net income
$96
Dividends
$32
Addition to retained earnings
$64
For the coming year, the company is forecasting a 15% increase
in sales, and it expects that its year-end operating costs,
including depreciation, will equal 75% of sales. Austin's tax rate,
interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of dollars):
Sales
$700
Operating costs including
depreciation
500
EBIT
$200
Interest
40
EBT
$160
Taxes (40%)
64
Net income
$96
Dividends
$32
Addition to retained earnings
$64
For the coming year, the company is forecasting a 15% increase
in sales, and it expects that its year-end operating costs,
including depreciation, will equal 65% of sales. Austin's tax rate,
interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of dollars):
Sales
$700
Operating costs including depreciation
500
EBIT
$200
Interest
40
EBT
$160
Taxes (40%)
64
Net income
$96
Dividends
$32
Addition to retained earnings
$64
For the coming year, the company is forecasting a 30% increase
in sales, and it expects that its year-end operating costs,
including depreciation, will equal 75% of sales. Austin's tax rate,
interest expense, and dividend payout ratio...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of...
PRO FORMA INCOME STATEMENT
Austin Grocers recently reported the following 2016 income
statement (in millions of dollars):
Sales
$700
Operating costs including depreciation
500
EBIT
$200
Interest
40
EBT
$160
Taxes (40%)
64
Net income
$96
Dividends
$32
Addition to retained earnings
$64
For the coming year, the company is forecasting a 25% increase
in sales, and it expects that its year-end operating costs,
including depreciation, will equal 75% of sales. Austin's tax rate,
interest expense, and dividend payout ratio...