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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,400 Cost of goods sold 7,650

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 9,400
Cost of goods sold 7,650
Depreciation 440
Earnings before interest and taxes $ 1,310
Interest paid 88
Taxable income $ 1,222
Taxes 428
Net income $ 794

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 220 $ 255 Accounts payable $ 1,490 $ 1,595
Accounts rec. 990 890 Long-term debt 1,010 1,335
Inventory 1,660 1,655 Common stock 3,240 2,970
Total $ 2,870 $ 2,800 Retained earnings 530 780
Net fixed assets 3,400 3,880
Total assets $ 6,270 $ 6,680 Total liab. & equity $ 6,270 $ 6,680

What is the return on equity for 2017?

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