Question: apters 1-3 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold
apters 1-3 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 Saved Help Save & Exit $10,020 8,110 500 $ 1,410 118 $ 1,292 452 $ 840 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets $3,460 $3,170 3,550 4,180 Common stock Retained earnings $7,010 $7,350 Total liab. & equity $ 300 $ 330 1,140 2,020 1,800 1,040 Accounts payable Long-term debt $1,650 $1,560 1,170 1,370 3,480 3,460 710 960 $7,010 $7,350 What is the quick ratio for 2017?
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
