#fourtyseven

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales	$	11,150
Cost of goods sold		7,650
Depreciation		465
Earnings before interest and taxes	$	3,035
Interest paid		88
Taxable income	$	2,947
Taxes		1,031
Net income	$	1,916

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
		2016			2017				2016			2017
Cash	$	200		$	230		Accounts payable	$	1,480		$	1,475
Accounts rec.		990			890		Long-term debt		1,010			1,330
Inventory		1,750			1,645		Common stock		3,240			2,980
Total	$	2,940		$	2,765		Retained earnings		620			870
Net fixed assets		3,410			3,890
Total assets	$	6,350		$	6,655		Total liab. & equity	$	6,350		$	6,655

What is the fixed asset turnover for 2017?

1.68 times

2.24 times

2.87 times

4.03 times

.35 times