Windswept, Incorporated

$2017$ Income Statement $($$ in millions$)$

Net sales

$ $9,810$

Cost of goods sold

$7,960$

Depreciation

$485$

Earnings before interest and taxes $ $1\mathrm{.}365$

Interest paid

Taxable income

Taxes

Net income

$112$

$ $1,253$

$439$

$ $814$

Windswept, Incorporated $2016$ and $2017$ Balance Sheets $($$ in millions$)$

$2016$

$2017$

$2016$

$2017$

Cash

$ $270$ $ $300$

Accounts payable $ $1,530$ $ $1,485$

Accounts receivable $1,080980$

Long$-$term debt

$1,1401,340$

Inventory

$1,9301,755$

Common stock

$3,4203,370$

Total

$ $3,280$ $ $3,035$ Retained earnings $680$

$930$

Net fixed assets $3,4904,090$

Total assets

$ $6,770$ $ $7,125$ Total liability & equity $ $6,770$ $ $7,125$

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$$ Heal

What is the quick ratio for $2017?$

$\mathrm{.}85$ times

$1\mathrm{.}84$ times

$1\mathrm{.}18$ times