5) Windswept, Inc. 2017 Income Statement (S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Windswept, Inc. 2016 and 2017 Balance Sheets (S in millions) Cash Accounts rec. Inventory Total Net fixed assets Total assets What is the equity multiplier for 2017? A) 2.48 times B) 1.27 times C) 1.71 times D) 3.09 times E) 2.13 times Equity Multiplier-Total Assets/Total Equity 6195/6195 =) $ S S S S $ $ 9,000 7,350 360 1,290 87 1,203 421 782 2016 160 840 1,570 2,570 3,240 5,810 $ $ $ 2017 190 740 1,565 2,495 3,700 6,195 Accounts payable Long-term debt Common stock Retained earnings Total liab. & equity S $ 2016 1,150 1.000 3,190 470 5,810 S S 2017 1.332 1,233 2,910 720 6,195