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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement (S in millions) $9,450 7,500 375 $1,575 Net sales Cost of goods

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement (S in millions) $9,450 7,500 375 $1,575 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income 93 1,482 519 $963 Windswept, Inc. (s in millions) 190 $ 220 Accounts payable 2016 and 2017 Balance Sheets 2016 2017 $1,270 $1,467 1,030 1,263 3,250 2,940 750 2016 2017 Cash Accounts rec. Inventory Total Net fixed assets Total assets 800 Long-term debt 900 1,660 1,610 Common stock $2,750 $2,630 Retained earnings 500 3,300 3,790 $6,050 $6,420 Total liab. &equity $6,050 $6,420 What is the equity multiplier for 2017

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