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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 $ 9,350 7,330 435 $1,585 86 $1,499 315 2020 2021 Cash Accounts received Inventory $140 840 1,570 $ 170 740 1,555 Total $2,558 $ 2,465 $ 1,184 Windswept, Incorporated. 2020 and 2021 Balance Sheets (5 in millions) Accounts payable Long-term debt Connon stock Retained earnings 2020 2021 . $1,060 990 $1,175 1,270 3,230 2,920 568 810 Net fixed assets 3,200 3,710 Total assets $ 5,840 56,175 Total liabilities & equity 55,800 $6,175 2.52 mes 40 tmes 2.23 mes 379 times 1.51mes
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