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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 $ 9,880 8,010 490 2022 $ 1,380 114 $ 1,266 443 $ 823 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 280 $ 310 1,100 1,000 1,960 1,770 $ 3,340 $ 3,080 3,510 4,120 $ 6,850 $ 7,200 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,570 1,150 3,440 690 $ 6,850 2022 $ 1,510 1,350 3,400 940 $ 7,200
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