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 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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