Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in...
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Accounting
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 10,090 Less: Cost of goods sold 8,160 Less: Depreciation 5 05 Earnings before interest and taxes $ 1,425 Less: Interest pald 120 Taxable income | $ 1,305 Less: Taxes 457 Net Income $ 848 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 SEP 2009 cash $310 $340 Accounts payable $1,690 Accounts rec. 1,160 1,060 Long-term debt 1,180 Inventory 2,050 1,815 Common stock $3,500 Total $ 3,520 $3,215 Retained earnings 720 Net fixed assets 3,5704 ,210 Total assets $ 7,090 $ 7,425 Total liab. & equity $7,090 2010 $1,585 1,380 $ 3,490 970 $ 7,425 What is the quick ratio for 2010? O 2.03 O 1.81 O 0.87 O 115 O 0.88

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