7. 10.00 points MC Qu. 3-A20 Use the following information to answer this... Use the following information to answer this question Bayside, Inc. 2010 Income Statement (S in thousands) Net sales $5.990 Les Cost of goods sold 4540 Less Depreciation 350 Earnings before interest and taxes $ 1500 Less Interest paid 29 Taxable income $ 1.47 Les Taxes 44 Net income $ 1030 Bayside, Inc. 2009 and 2010 Balance Sheets ( in thousands 2009 2010 2009 2010 Cash $ 109 $ 210 Accounts payable $ 1.530 $ 1440 Accounts rec 950 790 Long term debt 790 590 Inventory 1,665 2020 Common stock $3,200 $3.260 Total $ 2.720 $ 3.026 Retained earnings 860 1110 Net fixed assets 3,660 3,380 Total assets $ 6,330 36/400 Total lab. & equity $ 6,380 S6,400 What is the return on equity for 2010? 23.57 percent 25.37 percent 16.09 percent 33.66 percent 24.47 percent Type here to search Pitsen 97 Home B Esc @ % 5 2 3 4 6 7 8 Q W E R Y