Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions)...

 

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Use the following information to answer this question. 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 Cash Accounts rec. Inventory Total Net fixed assets Total assets $9,500 7,700 385 $1,415 90 $1,325 464 $ 861 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 $ 220 $ 250 1,010 910 1,680 1,680 Common stock $2,910 $2,840 Retained earnings 3,450 3,910 $6,360 $6,750 Total liab. & equity What is the cash coverage ratio for 2017? Accounts payable Long-term debt 2016 2017 $1,480 $1,587 1,020 1,333 3,260 2,980 600 850 $6,360 $6,750 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes. Interest paid Taxable income Taxes Net income Cash Accounts rec. Inventory Total Net fixed assets Total assets $9,500 7,700 385 $1,415 90 $1,325 464 $ 861 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 $ 220 $ 250 1,010 910 1,680 1,680 Common stock $2,910 $2,840 Retained earnings 3,450 3,910 $6,360 $6,750 Total liab. & equity What is the cash coverage ratio for 2017? Accounts payable Long-term debt 2016 2017 $1,480 $1,587 1,020 1,333 3,260 2,980 600 850 $6,360 $6,750

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