Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $9,810
Cost of goods sold 7,960
Depreciation 485
Earnings before interest and taxes $1,365
Interest paid 112
Taxable income $1,253
Taxes 439
Net income $814

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)

2016 2017 2016 2017
Cash $270 $300 Accounts payable $1,530 $1,485
Accounts rec. 1,080 980 Long-term debt 1,140 1,340
Inventory 1,930 1,755 Common stock 3,420 3,370
Total $3,280 $3,035 Retained earnings 680 930
Net fixed assets 3,490 4,090
Total assets $6,770 $7,125 Total liab. $7200 $7585

Required:
What is the quick ratio for 2017?

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?