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Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income
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 $8,800 7,350 350 $1,100 89 $1,011 354 $ 657 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 150 $ 180 Accounts payable $1,210 $1,402 Accounts rec. 940 840 Long-term debt 1,030 1,263 Inventory 1,540 1,575 Total $2,630 $2,595 Net fixed assets. Total assets. 3,310 3,700 Common stock Retained earnings $5,940 $6,295 Total liab. & equity $5,940 $6,295 3,230 2,910 470 720 What is the cash coverage ratio for 2017?
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