Question

Windswept Incorporated 2021 Statement of Comprehensive Income ($ in millions) Net sales $ 8,950 Cost of goods sold 7,410 Depreciation 430 Earnings before interest and taxes $ 1,110 Interest paid 90 Taxable income $ 1,020 Taxes 214 Net income $ 806 Windswept Incorporated 2020 and 2021 Statement of Financial Position ($ in millions) 2020 2021 2020 2021 Cash $ 160 $ 190 Accounts payable $ 1,090 $ 1,210 Accounts received 860 760 Long-term debt 1,030 1,230 Inventory 1,600 1,590 Common stock 3,200 3,040 Total $ 2,620 $ 2,540 Retained earnings 570 820 Net fixed assets 3,270 3,760 Total assets $ 5,890 $ 6,300 Total liabilities & equity $ 5,890 $ 6,300 What is the quick ratio for 2021?

          Windswept Incorporated
2021 Statement of Comprehensive Income
($ in millions)
Net sales $ 8,950
Cost of goods sold 7,410
Depreciation 430
Earnings before interest and taxes $ 1,110
Interest paid 90
Taxable income $ 1,020
Taxes 214
Net income $ 806
  
Windswept Incorporated
2020 and 2021 Statement of Financial Position
($ in millions)
  2020 2021   2020 2021
Cash $ 160 $ 190 Accounts payable $ 1,090 $ 1,210
Accounts received 860 760 Long-term debt 1,030 1,230
Inventory 1,600 1,590 Common stock 3,200 3,040
Total $ 2,620 $ 2,540 Retained earnings 570 820
Net fixed assets 3,270 3,760      
Total assets $ 5,890 $ 6,300 Total liabilities & equity $ 5,890 $ 6,300
What is the quick ratio for 2021?

Added by Thomas H.

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