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Use the following information to answer this question. Mountainside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before
Use the following information to answer this question. Mountainside, 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 Mountainside, 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 3,400 3,360 960 1,210 $7,030 $7,050 What is the return on equity for 2017? Multiple Choice 11.53% O 18.22% 25.43% 17.79% O 18.65% He Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,100 7,750 350 $ 2,000 92 $ 1,908 572 $ 1,336 Cash Accounts rec. Inventory Total Net fixed assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 330 $ 345 Accounts payable 1,030 930 Long-term debt 1,800 1,730 Common stock $3,160 $3,005 Retained earnings 3,550 4,080 $6,710 $7,085 Total liab. & equity 2016 2017 $1,790 $1,635 1,030 1,490 3,280 3,100 610 860 Total assets $6,710 $7,085 What were the total dividends paid for 2017? Multiple Choice $991 million $515 million $735 million $250 million $1,086 million
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