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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement $ In millions) Net sales Cost of goods sold Depreclation Earnings before
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement $ In millions) Net sales Cost of goods sold Depreclation Earnings before Interest and taxes Interest pald Taxable Income Taxes $8,750 7,310 420 $ 1,020 86 $ 934 327 $ 607 Net Income Windswept, Inc. 2016 and 2017 Balance Sheets $ In mllions) 2016 2017 2016 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets $ 140 170 Accounts payable $2,500 2.450 Retained earnings $5,730 6,150 Total lab. & equity $ 1,010 $ 1,160 1,210 3,160 2,980 800 820 1,540 720 Long-term debt 1,560 Common stock 1,010 550 3,230 3,700 5,730 $6,150 What is the quick ratio for 2017? 1.97 times 77 times 74 times 1.34 times 2.11 times
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