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Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,810 Less: Cost of goods sold 7,960 Less: Depreciation 485 Earnings before interest and

Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 9,810 Less: Cost of goods sold 7,960 Less: Depreciation 485 Earnings before interest and taxes $ 1,365 Less: Interest paid 112 Taxable Income $ 1,253 Less: Taxes 439 Net income $ 814 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 270 $ 300 Accounts payable $ 1,530 $ 1,485 Accounts rec. 1,080 980 Long-term debt 1,140 1,340 Inventory 1,930 1,755 Common stock $ 3,420 $ 3,370 Total $ 3,280 $ 3,035 Retained earnings 680 930 Net fixed assets 3,490 4,090 Total assets $ 6,770 $ 7,125 Total liab. & equity $ 6,770 $ 7,125 What is the quick ratio for 2010?

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