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BALANCE SHEET (Figures in $ millions) This Year Last Year Assets Cash and marketable securities $ $ 20 11.00 44.00 Accounts receivable 34 Inventories 26
BALANCE SHEET (Figures in $ millions) This Year Last Year Assets Cash and marketable securities $ $ 20 11.00 44.00 Accounts receivable 34 Inventories 26 $ $ Total current assets Net property, plant, and equipment Total assets 22.00 77.00 38.00 115.00 25 | $ $ 105 Liabilities and shareholders' equity | $ $ Accounts payable Notes payable 25.00 30.00 55.00 35 Total current liabilities $ $ 55 Long-term debt Shareholders' equity Total liabilities and shareholders' equity | $ 115.00 $ 105 0.4 8.0 1.4 Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 1.0 0.2 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.)
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