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Windswept, incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes
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 $ 9,800 7,850 460 $ 1,490 96 $ 1,394 488 $ 906 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 Cash Accounts receivable $ 260 $ 295 Accounts payable 1,070 Inventory 1,740 Total $ 3,070 970 1,715 $2,980 Long-term debt Common stock Retained earnings Net fixed assets 3,480 4,000 Total assets $ 6,550 $ 6,980 Total liabilities & equity What is the return on equity for 2022? Help Save & Exit Submit 2021 2022 $ 1,550 $ 1,715 1,050 3,320 630 1,375 3,010 880 $ 6,550 $ 6,980
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