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 $11,400 8, 150 440 $ 2,810 108 $ 2,702 946 $ 1,756 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 320 $ 350 Accounts payable 1,190 1,090 Long-term debt 2,120 1,805 Common stock $3,630 $3,245 Retained earnings 3,560 4,180 $7,190 $7,425 Total liab. & equity 2016 2017 $1,950 $2,022 1, 110 1,393 3,440 3,070 690 940 $7,190 $7,425 What is the equity multiplier for 2017? Multiple Choice 3.71 times 1.85 times 284 times 136 times 3.71 times 1.85 times 2.84 times 1.36 times 2.42 times