17) Use the following information to answer this question: Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts received Inventory Total Net fixed assets Total assets D) 21.40% E) 10.81% Bayside, Incorporated 2021 Income Statement ($ in thousands) Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 2020 $ 170 $ 275 1,210 1,050 1,925 2,150 $ 3,305 $ 3,475 3,920 3,770 What is the return on equity for 2021? A) 17.25% B) 17.60% C) 16.91% $ 7,225 $ 7,245 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2020 $ 6,240 4,750 455 $ 1,035 44 $991 208 $ 783 2021 $ 1,855 $ 1,895 920 3,460 990 720 3,390 1,240 $ 7,225 $ 7,245

17) Use the following information for answer this question: What is the return on equity for 2021 ? A) 17.25% B) 17.60% C) 16.91% D) 21.40% B) 10.81%