Question: Windswept, Incorporated 2 0 2 2 Income Statement ( in millions ) Net sales$ 1 4 , 4 5 0 Cost of goods sold 8

Windswept, Incorporated2022 Income Statement(in millions)Net sales$ 14,450Cost of goods sold8,200Depreciation520Earnings before interest and taxes$ 5,730Interest paid110Taxable income$ 5,620Taxes1,967Net income$ 3,653
Windswept, Incorporated2021 and 2022 Balance Sheets(in millions)2021202220212022Cash$ 310$ 340Accounts payable$ 2,020$ 2,000Accounts receivable1,2101,110Long-term debt1,1201,440Inventory2,1501,810Common stock3,4603,090Total$ 3,670$ 3,260Retained earnings700950Net fixed assets3,6304,220Total assets$ 7,300$ 7,480Total liabilities & equity$ 7,300$ 7,480
What is the fixed asset turnover for 2022?

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