13 X 02:30:54 Use the following information to answer this question. Windswept, Inc. 2010 Income...
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13 X 02:30:54 Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 $160 $190 Accounts payable $1,140 $1,265 880 780 Long-term debt 1,010 1,290 $3,270 $2,940 1,630 1,585 Common stock $2,670 $2,555 Retained earnings 580 830 3,330 3,770 $6,000 $6,325 Total liab. & equity $6,000 $ 6,325 $9,950 7,430 445 $2,075 90 $ 1,985 695 $1,290 Total Net fixed assets Total assets What is the fixed asset turnover? (use 2010 values) 
Use the following information to answer this question. What is the fixed asset turnover? (use 2010 values)
13 X 02:30:54 Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 $160 $190 Accounts payable $1,140 $1,265 880 780 Long-term debt 1,010 1,290 $3,270 $2,940 1,630 1,585 Common stock $2,670 $2,555 Retained earnings 580 830 3,330 3,770 $6,000 $6,325 Total liab. & equity $6,000 $ 6,325 $9,950 7,430 445 $2,075 90 $ 1,985 695 $1,290 Total Net fixed assets Total assets What is the fixed asset turnover? (use 2010 values)
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