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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)Net sales$9,400Cost of goods sold7,650Depreciation380Earnings before interest and taxes$1,370Interest paid88Taxable

Use the following information to answer this question.

Windswept, Inc.

2017 Income Statement

($ in millions)Net sales$9,400Cost of goods sold7,650Depreciation380Earnings before interest and taxes$1,370Interest paid88Taxable income$1,282Taxes449Net income$833

Windswept, Inc.

2016 and 2017 Balance Sheets

($ in millions)2016201720162017Cash$210$240Accounts payable$1,510$1,602Accounts rec.990890Long-term debt1,0101,323Inventory1,6601,665Common stock3,2402,970Total$2,860$2,795Retained earnings530780Net fixed assets3,4303,880Total assets$6,290$6,675Total liab. & equity$6,290$6,675

What is the cash coverage ratio for 2017?

Multiple Choice

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