return on equity

8257 OL 45 ?? 1,500 Use the following information for Questions 2-8 Category 2016 2017 Accounts payable 300 750 Accounts receivable 900 Accruals 450 300 Cash 1,500 Common Stock 1.200 1,500 COGS 1,050 1,100 Depreciation expense 375 ?? ??450 Gross fixed assets 2,250 2,700 Interest expense 120 150 Inventories 750 1,125 3 Long-term debt 1,500 1,650 Net fixed assets 1.875 2,250 Notes payable 825 690 Operating expenses (excl. depr.) 225 300 Retained earnings 750 850 Sales 1,950 2,250 Taxes 90 120