财务管理试题2-杨潇.docVIP

The following balance sheet and income statement should be used for questions #1 through #5: Windswept, Inc. 2005 Income Statement ($ in millions) Net sales $8,450 Less: Cost of goods sold 7,240 Less: Depreciation （1） Earnings before interest and taxes 810 Less: Interest paid 70 Taxable Income $ 740 Less: Taxes 259 Net income （2） Windswept, Inc. 2004 and 2005 Balance Sheets ($ in millions) 2004 2005 2004 2005 Cash $ 120 $ 140 Accounts payable $1,110 $1,120 Accounts rec. 930 780 Long-term debt 840 1,210 Inventory 1,480 1,520 Common stock 3,200 3,000 Total （3） $2,440 Retained earnings （5） 710 Net fixed asset （4） 3,600 Total assets $5,680 $6,040 Total liabilities equity $5,680 $6,040 a.400 b. 410 c.350 d. 420 e.425 a. $487 b. $481 c.$523 d.$ 498 e. $540 a. $2345 b. $2300 c.$2530 d.$2413 e. $2450 a.3510 b.3423 c. 3545 d.3500 e. 3655 a. 530 b.540 c. 555 d.550 e.515 The following balance sheet and income statement should be used for questions #6through #15: Re Do It, Inc. 2005 Income Statement （in million） Net sales $2430 Less: Cost of goods sold 1,344 Less: Depreciation 276 Earnings before interest and taxes $810 Less: Interest paid 150 Taxable Income $ 660 Less: Taxes 187 Net income $ Dividends $121 Addition to retained earnings 242 Re Do It, Inc. 2004 and 2005 Balance Sheet （in million） 2004 2005 2004 2005 Cash $ 84 $ 98 Accounts payable $543 $530 Accounts rec. 165 188 Long-term debt 550 $457 Inventory 393 422 Common stock 500 $550 Total $642 $708 Re