1. Use the following information to answer this question.

 

2. Use the following information to answer this question.

 

Windswept, Incorporated 2022 Income Statement (in millions) Net sales. Cost of goods sold Depreciation Earnings before interest and taxes. Interest paid Taxable income Taxes Net income Cash Accounts receivable. Inventory Total Net fixed assets. Total assets What is the quick ratio for 2022? 2021 (in millions) 2022 $ 210 $ 240 Accounts payable 860 Long-term debt 960 IE 1,750 1, 665 Common stock $ 2,920 $ 2, 765 Retained earnings 3,910 $ 6, 675 3,370 $ 9, 390 7, 660 455 $ 1,275 100 $1, 175 411 $ 764 $ 6, 290 Windswept, Incorporated 2021 and 2022 Balance Sheets Total liabilities & equity 2021 $ 1,290 1, 080 3,300 620 $ 6, 290 2022 $ 1,335 1, 280 3, 190 870 $6, 675