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8 Net sales Windswept, Inc. 2017. Income Statement ($ in millions) Cost of goods sold 5:47 Depreciation Earnings before interest and taxes Interest paid
8 Net sales Windswept, Inc. 2017. Income Statement ($ in millions) Cost of goods sold 5:47 Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $8,650 7,260 415 $ 975 84 $ 891 312 579 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets. Total assets 2016 2017 2016 2017 $ 130 $ 160 Accounts payable $ 970 $1,135 800 1,510 700 1,545 Long-term debt 1,000 1,200 3,140 2,950 540 790 $2,440 $2,405 3,210 3,670 Common stock Retained earnings $5,650 $6,075 Total liab. & equity $5,650 $6,075 What is the quick ratio for 2017?
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