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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,300 Cost of goods sold 8,100

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 10,300
Cost of goods sold 8,100
Depreciation 425
Earnings before interest and taxes $ 1,775
Interest paid 106
Taxable income $ 1,669
Taxes 584
Net income $ 1,085

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 300 $ 330 Accounts payable $ 1,720 $ 1,947
Accounts rec. 1,170 1,070 Long-term debt 1,100 1,413
Inventory 1,840 1,800 Common stock 3,420 3,060
Total $ 3,310 $ 3,200 Retained earnings 680 930
Net fixed assets 3,610 4,150
Total assets $ 6,920 $ 7,350 Total liab. & equity $ 6,920 $ 7,350

What is the cash coverage ratio for 2017?

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