Question: Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest

 Use the following information to answer this question. Windswept, Incorporated 2022

Use the following information to answer this question. 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 Cash Accounts receivable Inventory 2021 $ 220 990 1,660 $ 2,870 3,400 $ 6,270 Total Net fixed assets Total assets What is the return on equity for 2022? $ 9,400 7,650 440 $ 1,310 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 88 $ 1,222 428 $ 794 2022 $ 255 890 1,655 $2,800 3,880 $6,680 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,490 1,010 3,240 530 $ 6,270 2022 $ 1,595 1,335 2,970 780 $ 6,680

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