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Windswept, Inc.

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2008 Income Statement

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($ in millions)

\begin{array}{c}\begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text {Less: Taxes } &\\ \text { Net income } &\\\end{array}\begin{array}{r}\$ 8,450 \\7,240 \\\underline{400} \\ 810 \\\underline{ 70} \\ \$ 740 \\\underline{ 259} \\\underline{ \$ 481}\end{array}\end{array}

$\quad \quad \quad \quad \quad \quad \quad \quad Windswept, Inc. \quad \quad \quad \quad \quad \quad \quad 2008 Income Statement \quad \quad \quad \quad \quad \quad \quad \quad ($ in millions) \begin{array}{c} \begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text { Less: Taxes } &\\ \text { Net income } &\\ \end{array} \begin{array}{r} \$ 8,450 \\ 7,240 \\ \underline{400} \\ 810 \\ \underline{ 70} \\ \$ 740 \\ \underline{ 259} \\ \underline{ \$ 481} \end{array} \end{array} -Refer to the above TableWhat is the quick ratio for 2008? A).82 B).95 C)1.36 D)2.18 E)2.28$
-Refer to the above TableWhat is the quick ratio for 2008?
A).82
B).95
C)1.36
D)2.18
E)2.28

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