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Net sales 2022 Income Statement (in millions) Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $

Net sales 2022 Income Statement (in millions) Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 8,650 7,260 415 $ 975 84 $ 891 312 $ 579 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 2022 Cash Accounts receivable Inventory Total Net fixed assets $ 2,440 $ 2,405 $ 130 800 1,510 $ 160 Accounts payable $ 970 $1,135 700 1,545 Common stock Long-term debt Retained earnings 1,000 1,200 3,140 540 2,950 790 Total assets What is the quick ratio for 2022? 3,210 $ 5,650 3,670 $ 6,075 Total liabilities & equity $ 5,650 $ 6,075

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