Use the following information to answer this question. Windswept, Inc.
2017 Income Statement
($ in millions)
Net sales $9,500
Cost of goods sold 7,540
Depreciation 320
Earnings before interest and taxes $1,640
Interest paid 93
Taxable income $1,547
Taxes 464
Net income $1,083
Windswept, Inc.
2016 and 2017 Balance Sheets
($ in millions)
2016 2017 2016 2017
Cash $270 $285 Accounts payable $1,470 $1,625
Accounts rec. 1,080 980 Long-term debt 1,160 1,430
Inventory 1,680 1,670 Common stock 3,340 3,040
Total $3,030 $2,935 Retained earnings 490 740
Net fixed assets 3,430 3,900
Total assets $6,460 $6,835 Total liab.& equity $6,920 $7,350
What is the cash coverage ratio for 2017?
a. 4.43 times.
b. 3.11 times.
c. 16.75 times.
d. 667 times.

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?

Aprimary advantage of organizing economic activity within firms is thea. ability to coordinate highly complex tasks to allow for specialized division of labor. b. low administrative costs because of reduced bureaucracy. c. eradication of the principal-agent problem. d. high-powered incentive to work as salaried employees for an existing firm.