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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 Net income $9,150 7,400 365 $1,385 89 $1,296 454 $ 842 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets 2017 $1,190 $1,377 1,0101,243 3,210 2,920 730 $ 170 200 Accounts payable 860 760 Long-term debt 1,600 1,580 Common stock $2,630 $2,540 Retained earnings 480 3,260 3,730 $5,890 $6,270 Total liab. & equity $5,890 $6,270 What is the equity multiplier for 2017
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