Reference no: EM131560265

Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 8,950 Less: Cost of goods sold 7,410 Less: Depreciation 430 Earnings before interest and taxes $ 1,110 Less: Interest paid 90 Taxable Income $ 1,020 Less: Taxes 357 Net income $ 663 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 160 $ 190 Accounts payable $ 1,090 $ 1,210 Accounts rec. 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 liab. & equity $ 5,890 $ 6,300 What is the quick ratio for 2010?