Question: Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $9,100 Net sales Cost of goods sold Depreciation 7,500

 Use the following information to answer this question. Windswept, Inc. 2017

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) $9,100 Net sales Cost of goods sold Depreciation 7,500 425 Earnings before interest and taxes Interest paid $1,175 90 $1,085 Taxable income Taxes 380 $ 705 Net income Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2017 2016 2016 2017 190 $ Accounts payable Long-term debt $1,300 $1,530 1,305 Cash 225 1,000 900 Accounts rec. 1,040 Inventory 1,600 1,610 Common stock 3,290 2,940 $2,790 $2,735 Retained earnings Total 500 750 Net fixed assets 3,790 3,340 $6,130 $6,525 $6,130 $6,525 Total liab. & equity Total assets What is the return on equity for 2017

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