Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales	$ 10,300
Less: Cost of goods sold	8,100
Less: Depreciation	485
Earnings before interest and taxes	$ 1,715
Less: Interest paid	106
Taxable Income	$ 1,609
Less: Taxes	563
Net income	$ 1,046

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)
	2009	2010		2009	2010
Cash	$ 310	$ 345	Accounts payable	$ 1,700	$ 1,940
Accounts rec.	1,170	1,070	Long-term debt	1,100	1,425
Inventory	1,840	1,790	Common stock	$ 3,420	$ 3,060
Total	$ 3,320	$ 3,205	Retained earnings	680	930
Net fixed assets	3,580	4,150
Total assets	$ 6,900	$ 7,355	Total liab. & equity	$ 6,900	$ 7,355

What is the return on equity for 2010? show work.

26.22 percent
	42.98 percent
	32.28 percent
	56.05 percent
	34.18 percent