MC algo 3-15 Return On Equity Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,600 7,750 450 $1,400 92 $1,308 458 $ 850 W ences Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets (s in millions) 2016 2017 $ 240 $ 275 Accounts payable 1,030 930 Long-term debt 1,700 1,685 Common stock $2,970 $2,890 Retained earnings 3,440 3.940 $6,410 S6,830 Total liab. & equity 2016 2017 $1,490 $1,625 1,030 1,355 3,280 2,990 610 860 $6,410 $6,830 What is the return on equity for 2017