MC algo 3-10 Quick Ratio Use the following information to answer this question. Windswept, Inc. 2017 Income Statement $ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,320 7,610 450 $1,260 98 $ 1,162 407 $755 Windswept, Inc. 2016 and 2017 Balance Sheets $ in millions) 2016 $ 200 $ 230 Accounts payable 2017 2016 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets $1,250 $ 1,310 1,270 3,160 860 940 840 Long-term debt 1,650 Common stock 1,070 3,280 610 1,720 3,350 3,860 6,210 6,600 Total liab. & equity $ 2,860 $ 2,720 Retained earnings $6,210 $6,600 What is the quick ratio for 2017? 1.26 times 79 times 1.90 times 82 times O2.08 times