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

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 $9, 100 7,500 365 $1,235 95 $1,140 399 $ 741 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 180 $ 210 Accounts payable 1, 000 900 Long-term debt Cash Accounts rec. acer

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