Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 Cost of goods sold 7,510
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 Cost of goods sold 7,510 Depreciation 440 Earnings before interest and taxes $ 1,200 Interest paid 94 Taxable income $ 1,106 Taxes 387 Net income $ 719 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 180 $ 210 Accounts payable $ 1,170 $ 1,260 Accounts rec. 900 800 Long-term debt 1,050 1,250 Inventory 1,660 1,620 Common stock 3,240 3,100 Total $ 2,740 $ 2,630 Retained earnings 590 840 Net fixed assets 3,310 3,820 Total assets $ 6,050 $ 6,450 Total liab. & equity $ 6,050 $ 6,450 What is the quick ratio for 2017?
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