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Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 10,800 Less: Cost of goods sold 8,100 Less: Depreciation 385 Earnings before interest and

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Windswept, Inc. Current Income Statement ($ in millions) Net sales $ 10,800 Less: Cost of goods sold 8,100 Less: Depreciation 385 Earnings before interest and taxes $ 2,315 Less: Interest paid 106 Taxable income $ 2,209 Less: Taxes 663 Net income $ 1,546 Dividends $ 1,296 Windswept, Inc. Balance Sheets ($ in millions) Last This Last This Year Year Year Year Cash $ 400 $ 425 Accounts payable $2,000 $1,925 Accounts rec. 1,170 1,070 Long-term debt 1.1001 1560 Inventory 1,940 1,800 Common stock $3,420 $3,170 Total C.A. $ 3,510 $3,295 Retained earnings 680 930 Net fixed assets 3,690 4,290| Total assets $ 7,200 $ 7,585 Total liab. & equity $ 7,200 $ 7,585 Note that OCF is $2,037 and Net Capital Spending is 985. What is the Cash Assets?

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