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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before

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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 8 , 475 $ 1,625 102 $ 1,523 533 $ 990 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 290 $ 325 Accounts payable 1,130 1,030 Long-term debt 1,800 1,760 Common stock $3,220 $3,115 Retained earnings 3,549 4,090 $6,760 $7,205 Total liab. & equity 2016 2017 $1,640 $1,850 1,080 1,405 3,380 3,040 660 910 $6,760 $7,205 What is the return on equity for 2017? What is the return on equity for 2017? Multiple Choice 6:11 41.14% O 25.06% 30.84% 53.45% 0 32.57%

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