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Windswept, Inc.

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2008 Income Statement

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($ in millions)

\begin{array}{c}\begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text {Less: Taxes } &\\ \text { Net income } &\\\end{array}\begin{array}{r}\$ 8,450 \\7,240 \\\underline{400} \\ 810 \\\underline{ 70} \\ \$ 740 \\\underline{ 259} \\\underline{ \$ 481}\end{array}\end{array}

$\quad \quad \quad \quad \quad \quad \quad \quad Windswept, Inc. \quad \quad \quad \quad \quad \quad \quad 2008 Income Statement \quad \quad \quad \quad \quad \quad \quad \quad ($ in millions) \begin{array}{c} \begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text { Less: Taxes } &\\ \text { Net income } &\\ \end{array} \begin{array}{r} \$ 8,450 \\ 7,240 \\ \underline{400} \\ 810 \\ \underline{ 70} \\ \$ 740 \\ \underline{ 259} \\ \underline{ \$ 481} \end{array} \end{array} -Refer to the above TableWhat is the debt-equity ratio for 2008? A)22.5% B)26.2% C)35.5% D)45.1% E)47.7%$
-Refer to the above TableWhat is the debt-equity ratio for 2008?
A)22.5%
B)26.2%
C)35.5%
D)45.1%
E)47.7%

BGL Enterprises Increases Its Operating Efficiency Such That Costs Decrease

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