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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
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 $ 10,100 8,000 475 $ 1,625 102 $ 1,523 533 $ 990 Net income 2016 $ 1,640 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 290 $ 325 Accounts payable 1,130 1,030 Long-term debt 1,800 1,760 Common stock $ 3,220 $ 3,115 Retained earnings 3,540 4,090 $ 6,760 $ 7,205 Total liab. & equity 1,080 3,380 660 2017 1,850 1,405 3,040 910 $ 6,760 7,205 What is the return on equity for 2017? O 30.84% O 53.45% O 32.57% O 41.14% 25.06%
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