It is NOT 21.4%

2 Bayside, Inc. 2017 Income Statement (s in thousands) $6,240 4,750 455 Earnings before interest and taxes $1,035 Net sales Cost of goods sold Depreciation points Interest paid eBook Taxable income $ 991 297 $ 694 Taxes Net income References Bayside, Inc. 2016 and 2017 Balance Sheets (s in thousands) Cash Accounts rec. Inventory Total Net fixed assets Total assets 2016 2017 170 275 Accounts payable 1,210 1,050 Long-term debt 1,925 2,150 Common stock 2016 2017 $1,855 $1,895 720 3,460 3,390 990 1,240 920 $3,305 $3,475 Retained earnings 3,920 3,770 $7,225 $7,245 Total liab. &equity $7,225 $7,245 What is the return on equity for 2017