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Use the following information to answer this question. What is the return on equity for 2022 Use the following information to answer this question. Bayside,

image text in transcribed Use the following information to answer this question. What is the return on equity for 2022

Use the following information to answer this question. Bayside, Incorporated 2022 Income Statement (in millions) $ 1,440 $ 6,400 Net sales Cost of goods sold Depreciation Earnings before interest Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets and taxes 2021 $ 105 950 1,665 2,720 3,660 6,380 Bayside, 5, 990 4, 140 350 1, see 29 1,471 441 1,030 Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 210 790 2,020 3,020 3,380 Accounts payable Long-term debt Common stock Retained earnings Total liabilities 2021 1,530 790 860 6,380 2022 590 1, lie equity What is the return on equity for 2022?

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