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22 The following information (in 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Checli my work
22 The following information (in 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021 Checli my work Tear ended 12/31/2021 10 Net sales DORES 58,009 Cost of goods sold Interest expense Income before taxes Net Income Selling and administrative expense 4,827 1,969 476 737 518 Receivables, net Inventories Cash and cash equivalents Land, buildings and equipment at cost, net 12/31/2021 $1,035 Total assets Total current liabilities Long-term debt Total liabilities Total stockholders' equity 12/31/2020 $ 70 1,070 724 1,115 579 13,560 3,904 $16,788 $5,277 $5,807 $2,269 5.651 2,281 $11,458 14,558 $5,322 $727 Required: Compute the return on equity for 2021, for Saratoga Springs Co. (Round your answer to 1 decimal place, e.g., 0.1234 as 12.3%)
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