57 Windswept, Inc. 2008 Income Statement (S in millions) Net sales Less: Cost of goods...
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57 Windswept, Inc. 2008 Income Statement (S in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income $8,450 7,240 810 able Incot Less: Taxes S 740 Net income S 481 Windswept, Inc 2007 and 2008 Balance Sheets (S in millions) 2002 2008 S 120 S 140 930 780 2002 2008 $1,110 $1,120 840 1210 3,200 3,000 530 710 ecounts payable Long-term debt Acc Cash Accounts rec. Inventor Total Net fixed assets Total assets 1480 1.520 Common stock S2,530 S2,440 Retained earnings .600 SS,680 S4140 -3.159 SSO8g S6 Total liabilities & equity What is the quick ratio for 2011? A. .82 B. .95 C. 1.36 D. 2.18 E. 2.28
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