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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

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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 and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 $330 1,210 1,880 $ 3,420 3,620 $7,040 What is the return on equity for 2022? $ 10,500 8,200 495 $ 1,805 110 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) $ 1,695 593 $ 1,102 2022 $365 Accounts payable Long-term debt 1,110 1,820 $3,295 4,210 $7,505 Common stock Retained earnings Total liabilities & equity 2021 $ 1,760 1,120 3,460 700 $ 7,040 2022 $ 2,030 1,445 3,080 950 $ 7,505

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