Use the following information to answer this question.

Mountainside, Inc. 2017 Income Statement ($ in thousands)
Net sales	$	6,090
Cost of goods sold		4,450
Depreciation		425
Earnings before interest and taxes	$	1,215
Interest paid		32
Taxable income	$	1,183
Taxes		355
Net income	$	828

Mountainside, Inc. 2016 and 2017 Balance Sheets ($ in thousands)
		2016			2017				2016			2017
Cash	$	140		$	245		Accounts payable	$	1,705		$	1,685
Accounts rec.		1,090			930		Long-term debt		860			660
Inventory		1,805			2,090		Common stock		3,340			3,330
Total	$	3,035		$	3,265		Retained earnings		930			1,180
Net fixed assets		3,800			3,590
Total assets	$	6,835		$	6,855		Total liab. & equity	$	6,835		$	6,855

What is the return on equity for 2017?

Multiple Choice

• 18.36%

• 26.23%

• 18.88%

• 19.39%

• 12.08%