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Use the following information to answer this question: Windswept, Incorporated 2 0 2 4 Income Statement ( $ in millions ) Net sales $ 9

Use the following information to answer this question:
Windswept, Incorporated
2024 Income Statement
($ in millions)
Net sales $ 9,300
Cost of goods sold 7,600
Depreciation 375
Earnings before interest and taxes $ 1,325
Interest paid 99
Taxable income $ 1,226
Taxes 257
Net income $ 969
Windswept, Incorporated
2023 and 2024 Balance Sheets
($ in millions)
2023202420232024
Cash $ 200 $ 230 Accounts payable $ 1,480 $ 1,557
Accounts received 970870 Long-term debt 1,0001,313
Inventory 1,6401,650 Common stock 3,2202,960
Total $ 2,810 $ 2,750 Retained earnings 520770
Net fixed assets 3,4103,850
Total assets $ 6,220 $ 6,600 Total liabilities & equity $ 6,220 $ 6,600
What is the cash coverage ratio for 2024?

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