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Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 8,700 Cost of goods sold 7,340 Depreciation 405 Earnings before interest and taxes $

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 8,700
Cost of goods sold 7,340
Depreciation 405
Earnings before interest and taxes $ 955
Interest paid 82
Taxable income $ 873
Taxes 306
Net income $ 567

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 150 $ 185 Accounts payable $ 1,180 $ 1,260
Accounts rec. 920 730 Long-term debt 1,000 1,265
Inventory 1,520 1,550 Common stock 3,210 2,900
Total $ 2,590 $ 2,465 Retained earnings 460 710
Net fixed assets 3,260 3,670
Total assets $ 5,850 $ 6,135 Total liab. & equity $ 5,850 $ 6,135

What is the return on equity for 2017?

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