Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in...
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Use the following information to answer this question Windswept, Inc. 2010 Income Statement ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation arnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income $9,460 7,710 460 $1,290 102 $1,188 416 $ 772 Windswept, Inc. 2009 and 201O Balance Sheets ($ in millions) 2009 $ 22 2010 20092010 Cash Accounts rec. $250 Accounts payable 880 Long-term debt 1,680 Common stock $1,330 $1,360 1,290 $3,320 $3,220 880 980 1,09 nventory Total Net fixed assets Total assets 1,780 $2,980$2,810 Retained earnings 63 3,390 3,940 6,370 $ 6,750 Total liab. & equity $6,370 6,75 What is the quick ratio for 2010? 1.24 O 1.88 O 2.07 O 0.83 O 0.81
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