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Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
Bayside, 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 $6,240 4,750 455 $1,035 44 $ 991 297 $ 694 Cash Accounts rec. Inventory Total Net fixed assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 170 $ 275 Accounts plyable 1,210 1,050 Long-term debt 1,925 2,150 Common stock $3,305 $3,475 Retained earnings 3,920 3,770 $ 7,225 $ 7,245 Total liab. & equity 2016 2017 $1,855 $1,895 920 720 3,460 3,390 990 1,240 Total assets $7,225 $ 7,245 What is the return on equity for 2017? Multiple Choice 15.60% 15.29% 14.99% 9.58% 21.40%
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