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Question 23 1 pts Your parents are giving you $260 a month for 4 years...

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Question 23 1 pts Your parents are giving you $260 a month for 4 years while you are in college. At an interest rate of 59 percent per month, what are these payments worth to you when you first start college? $10,644.80 $14,37784 $10,479 48 $10,840.84 O $10.298.80 Question 22 Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,250 Cost of goods sold 8,100 Depreciation 435 Earnings before interest and taxes $ 2,715 Interest paid 106 Taxable income $ 2,609 Taxes 913 Net income $ 1,696 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $ 310 $ 340 Accounts payable $ 1,910 $ 1.977 Accounts rec. 1,170 1,070 Long-term debt 1.100 1.383 Inventory 2,090 1.790 Common stock 3,420 3,060 Total $ 3,570 $3,200 Retained earnings 680 930 Net fixed assets 3,540 4,150 Total assets $7.110 $ 7.350 Total liab. & equity $ 7,110 $ 7,350 What is the equity multiplier for 2017? 3.68 times O 1.36 times 2.40 times 2.82 times 1.84 times

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