Question: 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

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 $9,150 7,400 365 $1,385 89 $1,296 454 $ 842 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 Cash Accounts rec. Inventory Total Net fixed assets Total assets 2017 $1,190 $1,377 1,0101,243 3,210 2,920 730 $ 170 200 Accounts payable 860 760 Long-term debt 1,600 1,580 Common stock $2,630 $2,540 Retained earnings 480 3,260 3,730 $5,890 $6,270 Total liab. & equity $5,890 $6,270 What is the equity multiplier for 2017

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