Question: Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales. Coat 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. Coat of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash: Accounts rec. Inventory Total Net fixed assets. Total assets What is the equity multiplier for 2017? 27 01:09:04 $9,600 7,550 380 $1,670 95 $1,575 551 $1,024 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 $ Accounts payable. 2016 200 $ 230 950 850 1,690 1,625 Long-term debt Common stock $2,840 $2,705 Retained earnings. 3,320 3,820 $6,160 $6,525 Total liab. & equity 2016 2017 $1,410 $1,542 1,040 1,273 3,200 2,950 510 760 $6,160 $6,525

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