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aleksandr82 [10.1K]
3 years ago
11

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,150 C

ost of goods sold 7,510 Depreciation 440 Earnings before interest and taxes $ 1,200 Interest paid 94 Taxable income $ 1,106 Taxes 387 Net income $ 719 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 180 $ 210 Accounts payable $ 1,170 $ 1,260 Accounts rec. 900 800 Long-term debt 1,050 1,250 Inventory 1,660 1,620 Common stock 3,240 3,100 Total $ 2,740 $ 2,630 Retained earnings 590 840 Net fixed assets 3,310 3,820 Total assets $ 6,050 $ 6,450 Total liab. What is the quick ratio for 2017?
Business
1 answer:
QveST [7]3 years ago
3 0

Answer:

The quick ratio can be worked out as below;

Explanation:

Quick ratio=Current Assets excluding inventory stocks/Current liabilities

Current Assets=210+800

Current liabilities=$1,260

Quick Ratio =($210+4800)/$1,260

Quick Ratio=1.25

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Find the sum of 2x kg and 5x g. Give the answer in grammes.​
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Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a store
larisa86 [58]

Answer:

A. $25,000

B. $4,300

Explanation:

A. Calculation to determine What amount will the insurance company pay for the damages

Using this formula

Insurance payment=(Claim amount, Policy limit)

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Insurance payment= $25,000

Therefore the amount that the insurance company will pay for the damages is $25,000

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Using this formula

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