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Mountainside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
Mountainside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $5,790 4,150 325 $1,315 27 $1,288 386 $ 902 Cash Accounts rec. Inventory Total Net fixed assets Total assets Mountainside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 80 $ 185 Accounts payable 920 760 Long-term debt 1,565 1,970 Common stock $2,565 $2,915 Retained earnings 3,560 3,230 $6,125 $6,145 Total liab. & equity 2016 $1,385 740 3,190 810 2017 $1,335 540 3,210 1,060 $ 6,125 $6,145 What is the return on equity for 2017
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