Use the following information to answer this question. Windswept, Incorporated 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 $ 140 820 $8,750 7,310 420 $ 1,020 86 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 $934 327 $607 $ 170 720 1,560 1,540 $ 2,500 $2,450 3,230 3,700 $5,730 $ 6,150 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,010 1,010 3,160 550 2022 $ 1,160 1,210 2,980 800 $5,730 $ 6,150
Use the following information to answer this question. Windswept, Incorporated 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 $ 140 820 $8,750 7,310 420 $ 1,020 86 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 $934 327 $607 $ 170 720 1,560 1,540 $ 2,500 $2,450 3,230 3,700 $5,730 $ 6,150 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,010 1,010 3,160 550 2022 $ 1,160 1,210 2,980 800 $5,730 $ 6,150
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
Problem 1PS
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