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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 $8,900 7,440 415 $1,045 86 959 336 $ 623 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 170 $ 205 Accounts payable 960 860 Long-term debt 1,560 1,580 Common stock $2,690 $2,645 Retained earnings 3,300 3,730 $5,990 $6,375 Total liab. & equity 2016 2017 $1,240 $1,440 1,020 1,285 3,250 2,920 480 730 $5,990 $6,375 What is the return on equity for 2017? What is the return on equity for 2017? Multiple Choice 17.07% 35.79% 28.63% 21.34% 20.19%

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