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ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252 1 Saved Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $6,290 4,700 450 $1,140 42 $1,098 329 $ 769 Cash Accounts rec. Inventory Total Net fixed assets Total assets Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 $ 165 $ 270 Accounts payable 1,190 1,038 Long-term debt 1,905 2,140 Common stock $3,260 $3,440 Retained earnings 3,900 3,740 $7,160 $7,180 Total liab. & equity 2016 2017 $1,830 $1,860 910 710 3,440 3,380 980 1,230 $7,168 $7,18 What is the return on equity for 2017? rch o RI lyje Saved What is the return on equity for 2017? Multiple Choice 17,04% 17.40% 16.68% 23.82% 10.71% Prey 1 of 40 to search o lije