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Consider the information in the table: Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,160 Cost of goods sold 8,210 Depreciation 510

Consider the information in the table:

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 10,160
Cost of goods sold 8,210
Depreciation 510
Earnings before interest and taxes $ 1,440
Interest paid 122
Taxable income $ 1,318
Taxes 461
Net income $ 857

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 320 $ 350 Accounts payable $ 1,730 $ 1,610
Accounts rec. 1,180 1,080 Long-term debt 1,190 1,390
Inventory 2,080 1,830 Common stock 3,520 3,520
Total $ 3,580 $ 3,260 Retained earnings 730 980
Net fixed assets 3,590 4,240
Total assets $ 7,170 $ 7,500 Total liab. & equity $ 7,170 $ 7,500

What is the quick ratio for 2017?

2.02 times

1.14 times

1.81 times

.89 times

.88 times

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