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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets What is the quick ratio for 2022? 2021 $ 180 2022 $ 210 800 1,620 900 1,660 $ 2,740 $ 2,630 3,310 3,820 $ 6,050 $ 6,450 $ 9,150 7,510 440 $ 1,200 94 $ 1,106 387 $ 719 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1170 1,050 3,240 590 $ 6,050 2022 $ 1,260 1,250 3,100 840 $ 6,450
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