Question: Proctoring Enabled: Midterm Exam v1 6 22 01:22:13 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net

Proctoring Enabled: Midterm Exam v1 6 22 01:22:13 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? Saved $9,150 7,510 440 $1,200 94 $1,106 387 $ 719 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 900 Accounts payable Long-term debt 800 1,660 1,620 $2,740 $2,630 Retained earnings Common stock 3,310 3,820 $6,050 $6,450 Total liab. & equity 2016 2017 $1,170 $1,260 1,050 1,250 3,240 3,100 590 840 $6,050 $6,450

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