Use the following information to answer this question. 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 4,600 440 $1,200 38 $1,162 349 $ 813 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 155 $ 260 Accounts payable 1,150 990 Long-term debt 1,865 2,120 Common stock $3,170 $3,370 Retained earnings 3,860 3,680 $7,030 $7,050 Total liab. & equity 2016 2017 $1,780 $1,790 890 690 3,480 3,360 960 1,210 $7,030 $7,050 What is the return on equity for 2017? What is the return on equity for 2017? Multiple Choice o 18.65% o 79 o o 18.22 o