Business, 24.02.2020 16:44 alekvtaylor

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales$10,200 Cost of goods sold 8,050 Depreciation 480 Earnings before interest and taxes$1,670 Interest paid 104 Taxable income$1,566 Taxes 548 Net income$1,018 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash$300 $335 Accounts payable$1,670 $1,895 Accounts rec. 1,150 1,050 Long-term debt 1,090 1,415 Inventory 1,820 1,775 Common stock 3,400 3,050 Total$3,270 $3,160 Retained earnings 670 920 Net fixed assets 3,560 4,120 Total assets$6,830 $7,280 Total liab.

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in m...

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