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1、Thefollowingbalancesheetandincomestatementshouldbeusedforquestions#1through#5:Windswept,Inc.2005IncomeStatement($inmillions)Netsales$8,450Less:Costofgoodssold7,240Less:Depreciation（1）Earningsbeforeinterestandtaxes810Less:Interestpaid70TaxableIncome$740Less:Taxes259Netincome（2）W
2、indswept,Inc.2004and2005BalanceSheets($inmillions)2004200520042005Cash$120$140Accountspayable$1,110$1,120Accountsrec.930780Long-termdebt8401,210Inventory1,4801,520Commonstock3,2003,000Total（3）$2,440Retainedearnings（5）710Netfixedasset（4）3,600Totalassets$5,680$6,040Totalliabiliti
3、es&equity$5,680$6,0401．a.400b.410c.350d.420e.4252．a.$487b.$481c.$523d.$498e.$5403．a.$2345b.$2300c.$2530d.$2413e.$24504．a.3510b.3423c.3545d.3500e.36555．a.530b.540c.555d.550e.515Thefollowingbalancesheetandincomestatementshouldbeusedforquestions#6through#15:ReDoIt,Inc.2005IncomeSt
4、atement（inmillion）Netsales$2430Less:Costofgoodssold1,344Less:Depreciation276Earningsbeforeinterestandtaxes$810Less:Interestpaid150TaxableIncome$660Less:Taxes187Netincome$Dividends$121Additiontoretainedearnings242ReDoIt,Inc.2004and2005BalanceSheet（inmillion）2004200520042005Cash$
5、84$98Accountspayable$543$530Accountsrec.165188Long-termdebt550$457Inventory393422Commonstock500$550Total$642$708Retainedearnings1,7992,041Netfixedassets$2,731$2,880Totalassets$3,373$3,588Totalliabilities&equity$3,373$3,5886.Whatisthedays’salesinreceivables?(use2005values)a.21.8
6、daysb.23.7daysc.28.3daysd.29.7dayse.32.4days7.Whatisthecashcoverageratiofor2005?a.6.4b.6.5c.6.6d.6.7e.6.88.Whatistheamountofthenetcashfrominvestmentactivityfor2005?a.-$50millionb.$250millionc.$425milliond.$700millione.$850million9.Howmanydollarsofsalesarebeinggeneratedfromevery
7、dollarofcurrentassets?(use2005values)a.$2.59b.$2.89c.$3.43d.$3.26e.$3.7610.Howdoescashaffectthestatementofcashflowsfor2005?a.auseof$14millionofcashasaninvestmentactivityb.asourceof$14millionofcashasanoperatingactivityc.auseof$10millionofcashasafinancingactivityd.asourceof$10mil
8、lionofcashasaninvestmentactivitye.auseof$14millionofca
