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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before
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 $ 9,900 7,650 390 $1,860 88 $1,772 620 Net income $1,152 2017 Cash Accounts rec. Inventory Total Net fixed assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 220 $ 250 Accounts payable 990 890 Long-term debt 1,750 1,655 Common stock $ 2,960 $ 2,795 Retained earnings 3,360 3,880 $6,320 $6,675 Total liab. & equity 2016 $1,540 $1,632 1,010 1,293 3,240 2,970 530 780 Total assets $6,320 $6,675 What is the equity multiplier for 2017
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