Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,000 7,350 360 $1,290 87 $1,203 421 $ 782 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 160 $ 190 Accounts payable 840 740 Long-term debt 1,570 1,565 Common stock $2,570 $2,495 Retained earnings 3,240 3,700 $5,810 $6,195 Total liab. & equity 2016 2017 $1,150 $1,332 1,000 1,233 3,190 2,910 470 720 $5,810 $6,195 What is the equity multiplier for 2017? Prev 1 of 12 Next > Multiple Choice 171 times 2.13 times 2.48 times O 127 times O 3.09 times