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Use the following information to answer this question: What is the equity multiplier for 2 0 2 1 ? Use the following information to answer
Use the following information to answer this question:
What is the equity multiplier for
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) $ 1,350 Net sales Cost of goods sold Depreciation Earnings before interest Interest paid Taxable income T axes Net income Cash Accounts received Inventory Total Net fixed assets Total assets and taxes 2020 $ 250 l,eso 1,910 3,210 3,420 6, 630 Windswept , 7, 800 405 2,145 94 2,051 431 1,620 Incorporated 220 and 221 Balance Sheets ($ in millions) 2021 280 950 1, 700 2, 930 3,970 6, 900 Accounts payable Long-term debt Common stock Retained earnings Total liabilities equity 202 1,670 1,040 3, 300 620 6,630 2021 $ 1,707 1, 323 870 $ 6,900 What is the equity multiplier for 2021?
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