Refer to the Income Statement and Balance Sheet below: Windswept, Inc. 2008 Income Statement (S in millions) $8.450 7.240 400 Net sales Less: Cost of goods sold Les Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $ 740 259 S481 Windswept, Inc. 2007 and 2008 Balance Sheets (5 in millions) Accounts rec. Inventory Total Netized assets Tatal assets 2007 2008 $ 120 $ 140 930 780 1.80 1.520 52.530 52.410 3.150 3.600 55,680 56,00 Accounts payable Leng-term debt Common stock Retained earnings 2007 2008 SI 110 S1.120 840 1,210 3.200 3.000 530710 Total liabilities & equity $5,680 56,040 a. What is the quick ratio for 2008? 15 points) 365 140 - 1520 | 103 -240 1520 leo b. What is the days' sales in receivables in 2008? (5 points) 365/780 c. What is the equity multiplier for 2008? (5 points) 6040 = 1 +(400E 810)