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Use the following information to answer this question. Net sales Cost of goods sold Depreciation Earnings before Interest and taxes Interest paid Taxable income Taxes
Use the following information to answer this question. Net sales Cost of goods sold Depreciation Earnings before Interest and taxes Interest paid Taxable income Taxes Net Income Cash Accounts rec. Inventory Total Net fixed assets Total assets What is the quick ratio for 2017? O 0.73 times 0.76 times O 1.98 times Windswept, Inc. 2017 Income Statement ($ in millions) 2.12 times O 1.36 times $ 2016 130 $ 800 1,510 $ 2,440 3.210 $ 5,650 2017 160 700 1,545 $ 2,405 3,670 $ 6,075 $ 8,650 7,260 415 $ 975 84 891 312 579 $ Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) $ Accounts payable Long-term debt Common stock Retained earnings Total liab. & equity 2016 2017 $ 970 $ 1,135 1,000 1,200 2,950 790 3,140 540 $ 5,650 $ 6,075
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