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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before
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 $9,950 8,060 495 $1,395 116 $1,279 448 $ 831 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 290 $ 320 Accounts payable 1,120 1,020 Long-term debt 1,990 1,785 Common stock $3,400 $3,125 Retained earnings 3,530 4,150 $6,930 $7,275 Total liab. & equity 2016 $1,610 1,160 3,460 700 2017 $1,535 1,360 3,430 950 $6,930 $7,275 What is the quick ratio for 2017
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