2. Finance
3. use the following information to answer this question windswept inc...

# Question: use the following information to answer this question windswept inc...

###### Question details

Use the following information to answer this question.

 Windswept, Inc. 2017 Income Statement ($in millions) Net sales$ 8,900 Cost of goods sold 7,400 Depreciation 355 Earnings before interest and taxes $1,145 Interest paid 91 Taxable income$ 1,054 Taxes 369 Net income $685  Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $160$ 190 Accounts payable $1,240$ 1,447 Accounts rec. 960 860 Long-term debt 1,040 1,273 Inventory 1,560 1,590 Common stock 3,250 2,920 Total $2,680$ 2,640 Retained earnings 480 730 Net fixed assets 3,330 3,730 Total assets $6,010$ 6,370 Total liab. & equity $6,010$ 6,370

What is the cash coverage ratio for 2017?

• 12.58 times

• 16.48 times

• 2.09 times

• 3.48 times

• 7.89 times