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 2021 $ 200 940 1,720 $ 2.860 2022 $9,320 7,610 450 $ 1,260 98 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 230 840 1,650 $2.720 $1,162 407 $ 755 Accounts payable. Long-term debt Common stocki Retained earnings 2021 $ 1,250 1,070 3,280 610 2022 $1,310 1,270 3,160 BEA

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
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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
2022
$ 230
840
Windswept, Incorporated.
2021 and 2022 Balance Sheets.
(in millions)
$200
940
1,720
1,650
$ 2,860 $ 2,720
3,350
$ 9,320
7,610
450
$ 1,260
98
3,880
$ 6,210 $ 6,600
$ 1,162
487
$755
Accounts payable
Long-term debt
Common stock
Retained earnings
Total liabilities & equity
2021
$ 1,250
1,070
3,280
610
$ 6,210
2022
$ 1,310
1,270
3,160
868
$ 6,600
Transcribed Image Text: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 2022 $ 230 840 Windswept, Incorporated. 2021 and 2022 Balance Sheets. (in millions) $200 940 1,720 1,650 $ 2,860 $ 2,720 3,350 $ 9,320 7,610 450 $ 1,260 98 3,880 $ 6,210 $ 6,600 $ 1,162 487 $755 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,250 1,070 3,280 610 $ 6,210 2022 $ 1,310 1,270 3,160 868 $ 6,600
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