Galaxy United, Inc. 2009 Income Statement ($ in millions)
Net sales	$8,550
Less: Cost of goods sold	7,180
Less: Depreciation	400
Earnings before interest and taxes	970
Less: Interest paid	75
Taxable Income	895
Less: Taxes	313
Net income	$ 582

Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in millions)
	2008	2009			2008	2009
Cash	$ 130	$ 160		Accounts payable	$1,120	$1,130
Accounts rec.	930	780		Long-term debt	900	1,189
Inventory	1,480	1,520		Common stock	$3,190	$2,990
Sub-total	$2,540	$2,460		Retained earnings	510	791
Net fixed assets	3,180	3,640
Total assets	$5,720	$6,100		Total liab. & equity	$5,720	$6,100

What is the return on equity for 2009?

rev: 01_14_2016_QC_CS-37830

18 percent

15 percent

10 percent

13 percent

16 percent