What is the fixed asset turnover

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Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 14,450 Less: Cost of goods sold 8,200 Less: Depreciation 520 Earnings before interest and taxes $ 5,730 Less: Interest paid 110 Taxable Income $ 5,620 Less: Taxes 1,967 Net income $ 3,653 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 310 $ 340 Accounts payable $ 2,020 $ 2,000 Accounts rec. 1,210 1,110 Long-term debt 1,120 1,440 Inventory 2,150 1,810 Common stock $ 3,460 $ 3,090 Total $ 3,670 $ 3,260 Retained earnings 700 950 Net fixed assets 3,630 4,220 Total assets $ 7,300 $ 7,480 Total liab. & equity $ 7,300 $ 7,480 What is the fixed asset turnover? (use 2010 values, not an average) 4.43 3.42 1.93 2.26 0.29

Reference no: EM131560271

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