Apps Income Statement For the Year $631,000 442,220 28,100 Net sales COGS Depreciation $160,700 14,900 EBIT Interest Taxable income Taxes $145,800 49,600 $96,200 Net Income End of Year Cash Accounts receivable Inventory Net fixed assets Balance Sheet Beginning of Year $ 38,200 91,400 203,900 516,100 $43,700 86,150 214,600 537,950 $849,600 $882,400 Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings $136,100 329,500 75,000 309,000 $104,300 298,200 82,000 397,900 Total Liab. & Equity $849,600 $882,400 What is the return on equity using year-end values? 20.05 percent 15.38 percent 25.05 percent 24.26 percent 19.96 percent