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Use the following information to answer this question. $13,550 8,050 Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation
Use the following information to answer this question. $13,550 8,050 Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Sas $ 4,995 184 $ 4,891 1.712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,850 Long-term debt 2,860 1,765 Common stock $3,490 $3,125 Retained earnings 3,570 4,130 $7,060 $7,255 Total liab. & equity 2016 $1,900 1,898 3,400 670 2017 $1,865 1,418 3,060 920 $7,060 $7,255 Multiple Choice o 1.87 times o 3.28 times o 4.34 times o 2.25 times o .30 times
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