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Use the following information to answer this question. Net sales. Windswept, Inc. 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 402 $ 747 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 2016 2017 $ 190 $ 220 920 1,690 820 Accounts payable Long-term debt $1,210 $1,285 1,060 1,260 1,635 $2,675 Common stock 3,260 3,130 Retained earnings 600 850 3,330 3,850 $2,800 $6,130 $6,525 Total liab. & equity What is the quick ratio for 2017? $6,130 $6,525 O 1.91 times O 0.81 times 0.79 times O 1.27 times O 2.08 times

Use the following information to answer this question. Net sales. Windswept, Inc. 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 402 $ 747 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 2016 2017 $ 190 $ 220 920 1,690 820 Accounts payable Long-term debt $1,210 $1,285 1,060 1,260 1,635 $2,675 Common stock 3,260 3,130 Retained earnings 600 850 3,330 3,850 $2,800 $6,130 $6,525 Total liab. & equity What is the quick ratio for 2017? $6,130 $6,525 O 1.91 times O 0.81 times 0.79 times O 1.27 times O 2.08 times

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Use the following information to answer this question. Net sales. Windswept, Inc. 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 402 $ 747 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 2016 2017 $ 190 $ 220 920 1,690 820 Accounts payable Long-term debt $1,210 $1,285 1,060 1,260 1,635 $2,675 Common stock 3,260 3,130 Retained earnings 600 850 3,330 3,850 $2,800 $6,130 $6,525 Total liab. & equity What is the quick ratio for 2017? $6,130 $6,525 O 1.91 times O 0.81 times 0.79 times O 1.27 times O 2.08 times
Transcribed Image Text:Use the following information to answer this question. Net sales. Windswept, Inc. 2017 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 9,250 7,560 445 $ 1,245 96 $ 1,149 402 $ 747 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 2016 2017 $ 190 $ 220 920 1,690 820 Accounts payable Long-term debt $1,210 $1,285 1,060 1,260 1,635 $2,675 Common stock 3,260 3,130 Retained earnings 600 850 3,330 3,850 $2,800 $6,130 $6,525 Total liab. & equity What is the quick ratio for 2017? $6,130 $6,525 O 1.91 times O 0.81 times 0.79 times O 1.27 times O 2.08 times
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