9. Financial ratios* As you can see, someone has spilled ink over some of the entries in the balance sheet and income statement of Transylvania Railroad (Table 28.9). Can you use the following information to work out the missing entries? (Note: For this problem, use the fol- lowing definitions: inventory turnover = COGS/average inventory; receivables collection period = average receivables/[sales/365].) Long-term debt ratio: .4. Times-interest-earned: 8.0. 766 Part Nine PIANLUI December 2018 December 2017 Balance Sheet >TABLE 28.9 Balance sheet and income statement of Transylvania Railroad (figures in $ millions) Cash #ay Accounts receivable Inventory #R+ *x+ Total current assets 1 Fixed assets (net) Total Notes payable Accounts payable Total current liabilities Long-term debt 3 + 3*+ Equity Total Income Statement Sales *+* Cost of goods sold Selling, general, and administrative expenses 10 Depreciation 20 EBIT Interest Earnings before tax Tax Earnings available for common stock Current ratio: 1.4. Quick ratio: 1.0. Cash ratio: .2. Inventory turnover: 5.0. Receivables collection period: 73 days. Tax rate = .4