FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Multiple Choice
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84 times
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Transcribed Image Text:2022 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 receivable
Inventory
Total
Net fixed assets.
Total assets
What is the quick ratio for 2022?
2021
$ 230
$ 260
1,000
1,8107
900
1,695
$ 3,040 $ 2,855
3,410
3,970
$ 6,450 $ 6,825
$ 9,530
7,760
465
$ 1,305
104
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
2022
$ 1,201
420
$ 781
Accounts payable
Long-term debt
Common stock
Retained earnings.
Total liabilities & equity
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2021
2022
$ 1,370 $ 1,385
1,100
3,340
640
1,300
3,250
890
$ 6,450 $6,825
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