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Windswept Inc 2010 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes $9,150 7.510 440

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Windswept Inc 2010 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes $9,150 7.510 440 $1.200 04 $1.106 387 $719 Less: Interest paid Taxable Income Less: Taxes Net income Windswept Inc 2009 and 2010 Balance Sheets ($ in millions) 2010 2009 2009 2010 $210 Accounts payable 800 Long-term debt 1,620 Common stock $2.630 Retained earnings 3.820 $6.450 Total liab.& equity $1.170 $1,260 $180 Cash Accounts rec 1,250 1,050 900 $3,240 $3.100 590 1,660 $2,740 3,310 $6,050 Inventory Total 840 Net fixed assets $6,050 $6.450 Total assets What is the quick ratio for 2010? B a. 0.78 b. 0.80 c. 2.09 d. 1.29 e. 1.9

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