Question 25 Use the following information to answer this question. Windswept. Ing. Year 2 income Statement (5 in millions). Net sales $10.350 Less: Cost of goods sold 7,800 405 Less: Depreciation Earnings before interest and taxes $2.145 94 Less: Interest paid Taxable income 52.051 Less: Taxes 718 Net income 51,333 Windswert. Inc. Year 1 and Year 2 Balance Sheets (5 in millions). Year 1 Year 2 Cash $250 $280 Accounts payable Accounts rec. 1.050 950 Lone-term debt Inventory 1,910 1.700 Common stack 53.210 2.930 Retained earnings Net fixed assets 3,420 3.970 Total assets $6.630 $6.900 Total liab. & equity Year $1.670 1.040 $ 3.300 620 Year 2 $ 1,707 1.323 $3.000 870 Total $6,630 $ 6.900 What is the financial leverage ratio for Year 27 (using the year-end value, not an average)