4 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $5,940 4,300 340 $1,300 25 $1,275 383 $ 892 Book Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 95 $ 200 Accounts payable 980 820 Long-term debt 1,625 2,000 Common stock $2,700 $3,020 Retained earnings 3,620 3,320 $6,320 $6,340 Total liab. & equity 2016 2017 $1,460 $1,440 770 570 3,250 3,240 840 1,090 $6,320 $6,340 29.45% 21.20% O 20.60% 14.07% 21.81% What is the return on equity for 2017? kannada