Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,30 7,450 370 $1,480 91 $1,389 486 $ 903 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 880 780 Long-term debt 1,630 1,595 Common stock $2,690 $2,585 Retained earnings 3,280 3,760 $5,970 $6,345 Total liab. & equity 2016 $1,230 $1,422 1,020 1,253 3,230 2,930 490 740 $5,970 $6,345 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,30 7,450 370 $1,480 91 $1,389 486 $ 903 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 880 780 Long-term debt 1,630 1,595 Common stock $2,690 $2,585 Retained earnings 3,280 3,760 $5,970 $6,345 Total liab. & equity 2016 $1,230 $1,422 1,020 1,253 3,230 2,930 490 740 $5,970 $6,345 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,30 7,450 370 $1,480 91 $1,389 486 $ 903 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 880 780 Long-term debt 1,630 1,595 Common stock $2,690 $2,585 Retained earnings 3,280 3,760 $5,970 $6,345 Total liab. & equity 2016 $1,230 $1,422 1,020 1,253 3,230 2,930 490 740 $5,970 $6,345 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,30 7,450 370 $1,480 91 $1,389 486 $ 903 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 880 780 Long-term debt 1,630 1,595 Common stock $2,690 $2,585 Retained earnings 3,280 3,760 $5,970 $6,345 Total liab. & equity 2016 $1,230 $1,422 1,020 1,253 3,230 2,930 490 740 $5,970 $6,345