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What is the return on equity for 2022? Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 9,900 Cost of goods sold 7,900 Depreciation

What is the return on equity for 2022?

Windswept, Incorporated
2022 Income Statement
(in millions)
Net sales $ 9,900
Cost of goods sold 7,900
Depreciation 465
Earnings before interest and taxes $ 1,535
Interest paid 98
Taxable income $ 1,437
Taxes 503
Net income $ 934
Windswept, Incorporated
2021 and 2022 Balance Sheets
(in millions)
2021 2022 2021 2022
Cash $ 270 $ 305 Accounts payable $ 1,580 $ 1,760
Accounts receivable 1,090 990 Long-term debt 1,060 1,385
Inventory 1,760 1,730 Common stock 3,340 3,020
Total $ 3,120 $ 3,025 Retained earnings 640 890
Net fixed assets 3,500 4,030
Total assets $ 6,620 $ 7,055 Total liabilities & equity $ 6,620 $ 7,055

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