Question: Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before

 Use the following information to answer this question. Windswept, Inc. 2017

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 $10,300 8,100 425 $ 1,775 106 $ 1,669 584 $ 1,085 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 $ 330 Accounts payable 1,170 1,070 Long-term debt 1,840 1,800 Common stock $3,310 $3,200 Retained earnings 3,610 4,150 $6,920 $ 7,350 Total liab. & equity 2016 2017 $1,720 $1,947 1,100 1,413 3,420 3,060 680 930 $6,920 $7,350 What is the cash coverage ratio for 2017? Multiple Choice 4.43 times 3.11 times Oo oo 16.75 times 667 times

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