Your firm has net income of $434 on total sales of $1,480. Costs are $810 and depreciation is $120. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?

You have just deposited $7,000 into an account that promises to pay you an annual interest rate of 5.7 percent each year for the next 8 years. You will leave the money invested in the account and 20 years from today, you need to have $19,100 in the account. What annual interest rate must you earn over the last 12 years to accomplish this goal? (Assume annual compounding.)

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 10,150Cost of goods sold8,000Depreciation375Earnings before interest and taxes$ 1,775Interest paid102Taxable income$ 1,673Taxes351Net income$ 1,322 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 290$ 310Accounts payable$ 1,600$ 1,892Accounts received1,1301,030Long-term debt1,0801,268Inventory1,8001,670Common stock3,3803,040Total$ 3,220$ 3,010Retained earnings660910Net fixed assets3,5004,100 Total assets$ 6,720$ 7,110Total liabilities & equity$ 6,720$ 7,110 Windswept, Incorporated, has 560 million shares of stock outstanding. Its price-earnings ratio for 2024 is 12. What is the market price per share of stock?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 8,600Cost of goods sold7,250Depreciation340Earnings before interest and taxes$ 1,010Interest paid85Taxable income$ 925Taxes194Net income$ 731 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 130$ 120Accounts payable$ 1,150$ 1,192Accounts received900720Long-term debt1,0101,243Inventory1,5001,545Common stock3,1902,890Total$ 2,530$ 2,385Retained earnings450700Net fixed assets3,2703,640 Total assets$ 5,800$ 6,025Total liabilities & equity$ 5,800$ 6,025 What is the cash coverage ratio for 2024?

You feel that you will need $3.7 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 10.2 percent compounded monthly and plan to save $530 per month until you reach your goal. How many years will it be until you reach your goal and retire?

Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 8,700Cost of goods sold7,250Depreciation350Earnings before interest and taxes$ 1,100Interest paid83Taxable income$ 1,017Taxes214Net income$ 803 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 140$ 120Accounts payable$ 1,070$ 1,212Accounts received800720Long-term debt9801,213Inventory1,5101,535Common stock3,1502,890Total$ 2,450$ 2,375Retained earnings450700Net fixed assets3,2003,640 Total assets$ 5,650$ 6,015Total liabilities & equity$ 5,650$ 6,015 What is the equity multiplier for 2024?

Your sister just deposited $12,500 into an investment account. She believes that she will earn an annual return of 10.2 percent for the next 9 years. You believe that you will only be able to earn an annual return of 9.6 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 9 years? (Assume annual compounding.)

You made an investment of $12,500 into an account that paid you an annual interest rate of 2.4 percent for the first 7 years and 6.8 percent for the next 4 years. What was your annual rate of return over the entire 11 years? (Assume annual compounding.)

You feel that you will need $1.8 million in your retirement account and when you reach that amount, you plan to retire. You feel you can earn an APR of 9.8 percent compounded monthly and plan to save $245 per month until you reach your goal. How many years will it be until you reach your goal and retire?

During the past year, a company had cash flow to stockholders, an operating cash flow, and net capital spending of $15,367, $36,076, and $15,420, respectively. The net working capital at the beginning of the year was $6,213 and it was $7,430 at the end of the year. What was the company’s cash flow to creditors during the year?