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what is the quick ratio for 2017? Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales
what is the quick ratio for 2017?
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,090 8,160 505 $ 1,425 120 $ 1,305 457 848 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 310 $ 340 Accounts payable 1,160 1,060 Long-term debt 2,050 1,815 Common stock $3,520 $3,215 Retained earnings 3,570 4,210 $7,090 $7,425 Total liab. & equity 2016 2017 $1,690 $1,585 1,180 1,380 3,500 3,490 720 970 $7,090 $7,425 Multiple Choice O 1.15 times O .88 times .87 times O 1.81 times 2.03 times Step by Step Solution
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