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20 00 20 30 80 Use the information from Galaxy United to answer #24 below Galaxy United, Inc. 2009 Income Statement. Net sales $627,800 Less: Cost of goods sold 521,400 Less: Depreciation 11.200 Earnings before interest and taxes 95,200 Less: Interest paid 10.100 $85,100 Taxable Income 28,900 Less: Taxes $56,200 Net income Galaxy United, Inc. 2008 and 2009 Balance Sheets 2008 20 $128,600 $134,700 2008 2009 payable $17,000 $24,700 Accounts 147,500 141,000 Cash 56,700 Long-term debt Accounts rec 54,100 Common stock 189,400 186,700 Inventory 125,000 140,000 120,700 131,800 $260,500 $268,100 Retained earnings Sub-total 279,400 Net fixed assets 261,300 521,800 547,500 521,800 547,500 Total Total The par value of the common stock is $1 per share. 24. What is the return on equity? se 2009 values) A. 16.38 percent B. 29.96 percent C. 10.26 percent D. 40.14 percent E. 20.68 percent