Question
Use the following information to answer this question: Net sales Windswept, Incorporated 2021 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings
Use the following information to answer this question: Net sales Windswept, Incorporated 2021 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 241 $ 908 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 Cash Accounts received Inventory $ 190 920 1,690 $ 220 Accounts payable 820 Long-term debt Total $ 2,800 1,635 $ 2,675 Common stock Retained earnings 2020 $ 1,210 1,060 3,260 600 2021 $ 1,285 1,260 3,130 850 Net fixed assets. 3,330 3,850 Total assets $ 6,130 $ 6,525 Total liabilities & equity $ 6,130 $ 6,525 What is the quick ratio for 2021?
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