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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 $10,300 8,100 485 $ 1,715 106 $ 1,609 563 $ 1,046 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 310 $ 345 Accounts payable 1,170 1,070 Long-term debt 1,840 1,790 Common stock $3,320 $3,205 Retained earnings 3,580 4,150 $6,900 $7,355 Total liab. & equity 2016 2017 $1,700 $1,940 1,100 1,425 3,420 3,060 680 930 $6,900 $7,355 What is the return on equity for 2017? Multiple Choice 34.18% O 42.98% O 56.05% O 26.22% 32.28%

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