Galaxy United, Inc. 2009 Income Statement ($ in millions)
Net sales	$8,500
Less: Cost of goods sold	7,190
Less: Depreciation	410
Earnings before interest and taxes	900
Less: Interest paid	79
Taxable Income	821
Less: Taxes	287
Net income	$ 534

Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions)
	2008	2009			2008	2009
Cash	$ 120	$ 150		Accounts payable	$1,110	$1,130
Accounts rec.	930	780		Long-term debt	950	1,297
Inventory	1,470	1,530		Common stock	$3,100	$2,900
Sub-total	$2,520	$2,460		Retained earnings	520	753
Net fixed assets	3,160	3,620
Total assets	$5,680	$6,080		Total liab. & equity	$5,680	$6,080

What is the return on equity for 2009?

rev: 01_14_2016_QC_CS-37830

18 percent

16 percent

10 percent

15 percent

13 percent