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Use the following information to answer this question Windswept, Inc 2017 Income Statement (S in millions) Net sales Cost of goods sold Depreciation Earnings before
Use the following information to answer this question Windswept, Inc 2017 Income Statement (S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes S 8,700 7,340 405 S 955 82 $ 873 306 S 567 Windswept, Inc. 2016 and 2017 Balance S (s in millions) 2016 2017 2016 150 5 Accounts payable Cash 920 1.520 730 Long-term debt 1.550 Common stock 1000 1.265 3210 2,900 710 Total Net fixed assets Total assets S 2,590 2,465 Retained earnings 460 3.260 3,670 $ 5,850 S 6,135 Total liab & equity S 5,850 S 6,135 What is the retum on equity for 2017 32 93% 15.71% 19.55% 18.56% 26 45%
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