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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 $ 8,800 7,390 410 $ 1,000 84 $ 916 321 $ 595 What is the return on equity for 2022? Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2022 $ 195 $ 160 940 1,540 840 1,565 $ 2,640 $ 2,600 3,280 3,700 $ 5,920 $ 6,300 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,210 1,010 3,230 470 2022 $ 1,395 1,275 2,910 720 $ 5,920 $ 6,300
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