Use the following information to answer this question: Winds…
Use the following information to answer this question: Windswept, Incorporated2024 Income Statement($ in millions)Net sales$ 9,320Cost of goods sold7,610Depreciation450Earnings before interest and taxes$ 1,260Interest paid98Taxable income$ 1,162Taxes244Net income$ 918 Windswept, Incorporated2023 and 2024 Balance Sheets($ in millions) 20232024 20232024Cash$ 200$ 230Accounts payable$ 1,250$ 1,310Accounts received940840Long-term debt1,0701,270Inventory1,7201,650Common stock3,2803,160Total$ 2,860$ 2,720Retained earnings610860Net fixed assets3,3503,880 Total assets$ 6,210$ 6,600Total liabilities & equity$ 6,210$ 6,600 What is the quick ratio for 2024?