Question: Use the following information to answer this question. Win Net sales Less: Cost of goods sold ess: Depreciation Earnings before interest and taxes ess: Interest

 Use the following information to answer this question. Win Net sales

Use the following information to answer this question. Win Net sales Less: Cost of goods sold ess: Depreciation Earnings before interest and taxes ess: Interest paid Taxable Income $11,150 7650 465 $3,035 8 $2,947 1,03 $ 1,916 ess: Taxes Net income Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2009 2010 2010 1480 $1,475 Cash Accounts rec nventory Total $230 Accounts payable 890 Long-term debt 645 Common stock $3,240 $ 2,980 870 1,75 620 Retained earnings 3,89 2,940 $2,765 et fixed assets Total assets 3.410 6,350 $6,655 Total llab. & equity 6,350 6,65 What is the fixed asset turnover? (use 2010 values) 2.24 1.68 O 2.87 0.35 4.03

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