1. Use the following information to answer this question.

Windswept, Inc. Year 2 Income Statement ($ in millions)
Net Sales	$10,550
Less: Cost of goods sold	7,550
Less: Depreciation	455
Earnings before interest and taxes	2,545
Less: Interest Paid	94
Taxable Income	2,451
Less: taxes	858
Net Income	1,593

Windswept, Inc Year 1 and Year 2 Balance Sheets ($ in millions)
	Year 1	Year 2		Year 1	Year 2
Cash	$180	$210	Accounts Payable	$1,360	$1,385
Accounts Receivable	950	850	Long-term debt	1,030	1,310
Inventory	1,690	1,615	Common Stock	3,200	2,960
Total	2,820	2,675	Retained Earnings	600	850
Net Fixed Assets	3,370	3,830
Total Assets	6,190	6,505	Total Liability & Equity	6,190	6,505

What is the fixed asset turnover? (Use Year 2 values, not an average)

1. 3.94
2. 2.75
3. 1.62
4. 2.24
5. 0.36