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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $9,100 Net sales Cost of goods sold Depreciation 7,500
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $9,100 Net sales Cost of goods sold Depreciation 7,500 425 Earnings before interest and taxes Interest paid $1,175 90 $1,085 Taxable income Taxes 380 $ 705 Net income Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 2017 190 $ Accounts payable Long-term debt $1,300 $1,530 1,305 Cash 225 1,000 900 Accounts rec. 1,040 Inventory 1,600 1,610 Common stock 3,290 2,940 $2,790 $2,735 Retained earnings Total 500 750 Net fixed assets 3,790 3,340 $6,130 $6,525 $6,130 $6,525 Total liab. & equity Total assets What is the return on equity for 2017
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