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 What is the quick ratio for 2017? $9,810 7,960 485 $1,365 112 $1,253 439 $814 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 300 Accounts payable $ 270 $ 1,080 980 Long-term debt 1,930 1,755 Common stock $3,280 $3,035 Retained earnings 3,490 4,090 $6,770 $7,125 Total liab. & equity 2016 2017 $1,530 $1,485 1,140 1,340 3,420 3,370 680 930. $6,770 $7,125 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ 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 What is the quick ratio for 2017? $9,810 7,960 485 $1,365 112 $1,253 439 $814 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 300 Accounts payable $ 270 $ 1,080 980 Long-term debt 1,930 1,755 Common stock $3,280 $3,035 Retained earnings 3,490 4,090 $6,770 $7,125 Total liab. & equity 2016 2017 $1,530 $1,485 1,140 1,340 3,420 3,370 680 930. $6,770 $7,125

Answer rating: 100% (QA)

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