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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 $9,300 7,600 435 $1,265 94 $1,171 410 $ 761 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 210 $ 245 Accounts payable 970 870 Long-term debt 1,640 Common stock Cash Accounts rec. Inventory Total Net fixed assets $ 1,640 $2,820 $2,755 Retained earnings 3,380 3,850 $6,200 $6,605 Total liab. & equity 2016 2017 $1,450 11.550 1,000 1,125 3,220 2.160 520 Total assets 110 56,200 16,105 What is the return on equity for 2017? What is the return on equity for 2017 $6,200 $6,505 Total 50 Multiple Choice 42.74% 20.40% 24.63% 33.91% 25.71%

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