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Use the following information to answer this question. Windswept, Incorporated 2017 Income Statement ($ in millions) Net sales $ 9,950 Cost of goods sold 7,430

Use the following information to answer this question.

Windswept, Incorporated
2017 Income Statement
($ in millions)
Net sales $ 9,950
Cost of goods sold 7,430
Depreciation 445
Earnings before interest and taxes $ 2,075
Interest paid 90
Taxable income $ 1,985
Taxes 695
Net income $ 1,290

Windswept, Incorporated
2016 and 2017 Balance Sheets
($ in millions)
2016 2017 2016 2017
Cash $ 160 $ 190 Accounts payable $ 1,140 $ 1,265
Accounts receivable 880 780 Long-term debt 1,010 1,290
Inventory 1,630 1,585 Common stock 3,270 2,940
Total $ 2,670 $ 2,555 Retained earnings 580 830
Net fixed assets 3,330 3,770
Total assets $ 6,000 $ 6,325 Total liability & equity $ 6,000 $ 6,325

What is the fixed asset turnover for 2017?

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