Use the following information to answer this question.

Windswept, Inc.

2017 Income Statement

($ in millions)Net sales$12,950Cost of goods sold7,950Depreciation495Earnings before interest and taxes$4,505Interest paid100Taxable income$4,405Taxes1,542Net income$2,863

Windswept, Inc.

2016 and 2017 Balance Sheets

($ in millions)2016201720162017Cash$260$290Accounts payable$1,820$1,775Accounts rec.1,1101,010Long-term debt1,0701,390Inventory2,0001,735Common stock3,3603,040Total$3,370$3,035Retained earnings650900Net fixed assets3,5304,070Total assets$6,900$7,105Total liab. & equity$6,900$7,105

What is the fixed asset turnover for 2017?

Multiple Choice

• 1.82 times
• 4.27 times
• 3.18 times
• .31 times
• 2.25 times