Use the following information to answer this question. Bayside, Inc. 2010 Income Statement ($ in thousands)

What is the return on equity for 2010?

24.59 percent

17.65 percent

11.21 percent

18.08 percent

17.21 percent

Bayside, Inc. 2010 Income Statement ($ in thousands) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid laxable Income Less: Taxes Net income 6,140 4,550 435 $1,155 36 $1,119 336 783 Bayside, Inc. 2009 and 2010 Balance Sheets ($ in thousands) 2009 2009 2010 2010 $150$255Accounts payable 1,755$1,755 680 3,380$3,350 9501,200 Cash 880 1,130 1,845 970Long-term debt 2,110 Common stock ccounts rec. Inventory Total Net fixed assets otal assets $3,125$3,335 Retained earnings 3 $6,965 $6,985 Total liab. & equity 3,840 3,650 6,965$6,985