MC Qu. 3-A10 Use the following information to answer this... Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,050 Less: Cost of goods sold 7,460 Less: Depreciation 435 Earnings before interest and taxes $ 1,1551 Less: Interest paid 92 Taxable income $ 1,063 Less: Taxes 372 Net income $ 691 Windswept. Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 170 $ 200 Accounts payable $ 1,130 $ 1.235 Accounts rec. 880 780 Long-term debt 1,040 1240 Inventory 1,630 1.605 Common stock $3,220 $3,070 Total $ 2.680 $ 2,585 Retained earnings 580 830 INet fixed assets 3,290 3.790 Total assets $ 5,970 $ 6,375 Total liab. & equity $5.970 $ 6,375 717169mle student&pid=38847820_5237899544_1_13132410 MC Qu. 3-A10 Use the following information to answer this... Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,050 Less: Cost of goods sold 7,460 Less: Depreciation 435 Earnings before interest and taxes $ 1,1551 Less: Interest paid 92 Taxable income $ 1,063 Less: Taxes 372 Net income $ 691 Windswept. Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 170 $ 200 Accounts payable $ 1,130 $ 1.235 Accounts rec. 880 780 Long-term debt 1,040 1240 Inventory 1,630 1.605 Common stock $3,220 $3,070 Total $ 2.680 $ 2,585 Retained earnings 580 830 INet fixed assets 3,290 3.790 Total assets $ 5,970 $ 6,375 Total liab. & equity $5.970 $ 6,375 717169mle student&pid=38847820_5237899544_1_13132410