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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,250 Cost of goods sold 7,560

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 9,250
Cost of goods sold 7,560
Depreciation 445
Earnings before interest and taxes $ 1,245
Interest paid 96
Taxable income $ 1,149
Taxes 402
Net income $ 747

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 190 $ 220 Accounts payable $ 1,210 $ 1,285
Accounts rec. 920 820 Long-term debt 1,060 1,260
Inventory 1,690 1,635 Common stock 3,260 3,130
Total $ 2,800 $ 2,675 Retained earnings 600 850
Net fixed assets 3,330 3,850
Total assets $ 6,130 $ 6,525 Total liab. & equity $ 6,130 $ 6,525

What is the quick ratio for 2017?

.79 times

.81 times

1.91 times

1.27 times

2.08 times

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