Please do not give solution in image format thanku Use the following information to answer this question.Windswept, Incorporated2022 Income Statement(in millions)Net salesCost of goods soldDepreciationEarnings before interest and taxesInterest paidTaxable incomeTaxesNet incomeCashAccounts receivableInventoryTotalNet fixed assetsTotal assetsWhat is the quick ratio for 2022?2021$ 8,8507,360425$ 1,06588$ 977342$ 635Windswept, Incorporated2021 and 2022 Balance Sheets:(in millions)2022$ 180$ 1508401,5707401,575$ 2,560$ 2,4953,2503,730$ 5,810 $ 6,225Accounts payableLong-term debtCommon stockRetained earningsTotal liabilities & equity2021$ 1,0501,0203,1805602022$ 1,1851,2203,010810$ 5,810 $ 6,225

The quick ratio reveals a company's capacity to pay down its short-term loans without relying on…

Answered: What is the quick ratio for 2022?

Business

Accounting

What is the quick ratio for 2022?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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