Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 10,020 Cost of goods sold 8,110 Depreciation 500 Earnings before interest and taxes $ 1,410 Interest paid 118 Taxable income $ 1,292 Taxes 271 Net income $ 1,021 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 300 $ 330 Accounts payable $ 1,650 $ 1,560 Accounts received 1,140 1,040 Long-term debt 1,170 1,370 Inventory 2,020 1,800 Common stock 3,480 3,460 Total $ 3,460 $ 3,170 Retained earnings 710 960 Net fixed assets 3,550 4,180 Total assets $ 7,010 $ 7,350 Total liabilities & equity $ 7,010 $ 7,350 What is the quick ratio for 2021?Single choice
A
.87 times
B
2.03 times
C
1.15 times
D
.88 times
E
1.82 times
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