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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 $13,550 8,050 505 $ 4,995 104 $ 4,891 1,712 $ 3,179 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 280 $ 310 Accounts payable 1,150 1,050 Long-term debt 2,060 1,765 Common stock $3,490 $3,125 Retained earnings 3,570 4,130 $7,060 $7,255 Total liab. & equity 2016 $1,900 1,090 3,400 670 2017 $1,865 1,410 3,060 920 $7,060 $7,255 What is the fixed asset turnover for 2017
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