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Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 8,750 Cost of goods sold 7,310

Use the following information to answer this question:

Windswept, Incorporated
2021 Income Statement
($ in millions)
Net sales $ 8,750
Cost of goods sold 7,310
Depreciation 420
Earnings before interest and taxes $ 1,020
Interest paid 86
Taxable income $ 934
Taxes 196
Net income $ 738

Windswept, Incorporated
2020 and 2021 Balance Sheets
($ in millions)
2020 2021 2020 2021
Cash $ 140 $ 170 Accounts payable $ 1,010 $ 1,160
Accounts received 820 720 Long-term debt 1,010 1,210
Inventory 1,540 1,560 Common stock 3,160 2,980
Total $ 2,500 $ 2,450 Retained earnings 550 800
Net fixed assets 3,230 3,700
Total assets $ 5,730 $ 6,150 Total liabilities & equity $ 5,730 $ 6,150

What is the quick ratio for 2021?

Multiple Choice

.77 times

2.11 times

1.97 times

1.34 times

.74 times

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