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Use the following information to answer this question Windswept, Inc. 2017 Income Statement (5 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 (5 in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $10,200 8,050 480 $ 1,670 104 $ 1,566 548 $ 1,018 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 300 5 335 Accounts payable 1,150 1,050 Long-term debt 1,820 1, 775 Common stock $3,270 $3, 160 Retained earnings 3,560 4, 120 $6,830 S7,280 Total liab. & equity 2015 2017 $1,670 $1,895 1,090 1, 415 3,400 3,050 670 920 Cash Accounts rec. Inventory Total Net fixed assets Total assets 56,830 $7,280 What is the return on equity for 2017? Multiple Choice 33.38% 54.75% 42.07% 31.57% 25.6496

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