15) Use the below information to answer the following question. Income Statement For the Year Net sales $631,000 442,200 COGS Depreciation 28,100 EBIT $160.700 Interest 14,900 Taxable income $145,800 49,600 Taxes Net income $ 96,200 Balance Sheet Beginning of Year $ 38,200 End of Year Cash $ 43,700 Accounts receivable 91,400 86.150 203,900 214,600 Inventory Net fixed assets 516,100 537.950 Total assets $849.600 $882,400 $104,300 $136,100 329,500 298,200 Accounts payable Long-term debt Common stock ($1 par value) Retained earning Total Liab. & Equity 75,000 82,000 309,000 397.900 $882.400 $849,600 What is the return on equity using year-end values? A) 25.05 percent B) 19.96 percent C) 15.38 percent D) 24.26 percent E) 20.05 percent