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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 Taxes
windswept, Inc. 2017 Income Statement ($ in millions) Net Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $9,740 7,910 480 $1,350 110 $1,240 434 $ 806 Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 260 $ 290 Accounts payable 1,060 960 Long-term debt 1,900 1,740 Common stock $3,220 $2,990 Retained earnings 3,470 4,060 $6,690 $7,650 Total liab. & equity 2016 $1,490 1,130 3,400 670 2017 $1,460 1,330 3,340 920 $6,690 $7,050 What is the quick ratio for 2017
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