MC algo 3-12 Fixed Asset Turnover Use the following information to answer this question Windswept, Inc. 2017 Income Statement $ in millions) $9,650 7,380 440 $ 1,830 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 1,742 610 $ 1132 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 $ 150 $180 Accounts payable 2017 2016 2017 $ 1,100 $ 1,220 000 1,280 2,930 820 Cash Accounts rec Inventory Total Net fixed assets Total assets 860 1,600 760 Long-term debt 1,570 Common stock 3,250 570 $2,610 $ 2,510 Retained earnings 3,310 3740 $5,920 6,250 Total liab.&equity $5,920 $6,250 What is the fixed asset turnover for 2017? 1.54 times 2.58 times O 2.23 times O 3.84 times .39 times