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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,200 Cost of goods sold 7,550

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 9,200
Cost of goods sold 7,550
Depreciation 370
Earnings before interest and taxes $ 1,280
Interest paid 97
Taxable income $ 1,183
Taxes 414
Net income $ 769

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 190 $ 220 Accounts payable $ 1,370 $ 1,512
Accounts rec. 950 850 Long-term debt 1,070 1,303
Inventory 1,620 1,635 Common stock 3,200 2,950
Total $ 2,760 $ 2,705 Retained earnings 510 760
Net fixed assets 3,390 3,820
Total assets $ 6,150 $ 6,525 Total liab. & equity $ 6,150 $ 6,525

What is the cash coverage ratio for 2017?

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