14) Use the following information to answer this question.

Bayside, Inc. 2017 Income Statement ($ in thousands)
Net sales	$	5990
Cost of goods sold		4250
Depreciation		405
Earnings before interest and taxes	$	1335
Interest paid		32
Taxable income	$	1303
Taxes		391
Net income	$	912

Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
		2016			2017				2016			2017
Cash	$	120		$	225		Accounts payable	$	1605		$	1545
Accounts rec.		1010			850		Long-term debt		820			620
Inventory		1725			2050		Common stock		3260			3290
Total	$	2855		$	3125		Retained earnings		890			1140
Net fixed assets		3720			3470
Total assets	$	6575		$	6595		Total liab. & equity	$	6575		$	6595

What is the return on equity for 2017? 14) ______

A) 21.98% B) 29.41% C) 13.83% D) 20.59% E) 21.28%