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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,900 Cost of goods sold 7,400

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 8,900
Cost of goods sold 7,400
Depreciation 355
Earnings before interest and taxes $ 1,145
Interest paid 91
Taxable income $ 1,054
Taxes 369
Net income $ 685

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 160 $ 190 Accounts payable $ 1,240 $ 1,447
Accounts rec. 960 860 Long-term debt 1,040 1,273
Inventory 1,560 1,590 Common stock 3,250 2,920
Total $ 2,680 $ 2,640 Retained earnings 480 730
Net fixed assets 3,330 3,730
Total assets $ 6,010 $ 6,370 Total liab. & equity $ 6,010 $ 6,370

What is the cash coverage ratio for 2017?

Group of answer choices

A) 7.89 times

B) 3.48 times

C) 2.09 times

D) 16.48 times

E) 12.58 times

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