Question: Help Save & E. Use the following information to answer this question $9.900 7,9ee Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost



Help Save & E. Use the following information to answer this question $9.900 7,9ee Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net Income $1,535 $1,437 Se 3 $ 934 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 270 $ 305 Accounts payable 1, e9e 9 92 Long-term debt 1,766 1,738 Common stock $3.99 $2.A25 Retained earnings 6 2017 Cash 5 Accounts rec. Inventory Total $1,Sve 1,06 3,348 $1,750 1,385 3,028 4 N99 here to search Help Save Net income $ 934 Cash Accounts rec. Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 270 $ 305 Accounts payable 1,090 990 Long-term debt 1,760 1,730 Common stock $3,120 $3,025 Retained earnings 3,500 4,030 $6,620 $7,055 Total liab. & equity 2016 $1,589 1,060 3,340 640 2017 $1,760 1,385 3,020 890 $6,620 $7,055 What is the return on equity for 2017? Multiple Choice Fearch What is the return on equity for 2017? Multiple Choice o 23.89% o 30.93% o 29.37% c 50.83% 12 of 23 Next >
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