12) Use the following information to answer this question Windswept, Inc., 2017 Income Statement (s in millions) Net sales $ 9,050 Cost of goods sold 7,280 Depreciation 430 Earnings before interest and taxes $ 1,340 Interest paid Taxable income $ 1,256 Taxes 440 Net income $ 816 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 S 1,020 Cash $ 1,130 $ 130 Accounts payable S 160 980 Long-term debt 1,260 720 820 Accounts rec. 3,210 2,910 Common stock 1,540 1,540 Inventory 550 800 $ 2,490 S 2,420 Total Retained earnings Net fixed assets 3,270 3,680 $ 5.760 $ 6,100 $ 5,760 $ 6,100 Total liab. & equity Total assets What is the fixed asset turnover for 2017? A) 3.74 times B) 41 times C) 2.23 times D) 1.48 times E) 2.46 times