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Please answer the following question Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of
Please answer the following question
Use the following information to answer this question: Bayside, Incorporated 2021 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes $ 5,940 4,300 340 $ 1,300 25 $ 1,275 268 Net income $ 1,007 Cash Accounts received Inventory Total Net fixed assets Total assets 2020 $ 95 980 1,625 $ 2,700 3,620 $ 6,320 Bayside, Incorporated 2020 and 2021 Balance Sheets ($ in thousands) 2021 $ 200 Accounts payable 820 Long-term debt 2,000 Common stock $ 3,020 Retained earnings 3,320 $ 6,340 Total liabilities & equity 2020 $ 1,460 770 3,250 840 2021 $ 1,440 570 3,240 1,090 $ 6,320 $ 6,340 What is the return on equity for 2021? Multiple Choice 23.26% What is the return on equity for 2021? Multiple Choice 23.26% 29.45% 15.88% 23.94% 24.62%Step by Step Solution
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