$5,990 4,140 350 Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $1,500 29 $ 1,471 441 $ 1,030 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 105 $ 210 Accounts payable 950 790 Long-term debt 1,665 2,020 Common stock $ 2,720 $3,020 Retained earnings 3,660 3,380 $6,380 $ 6,400 Total liab. & equity 2016 2017 $1,530 $1,440 790 590 3,200 3,260 860 1,110 96 What is the return on equity for 2017? Multiple Choice 0 25.37% 0 23.57% 0 33.66% 0 16.09%