Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 1.4 1.8 8.6 4.2 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.) Answer is complete and correct. INCOME STATEMENT (Figures in $ millions) Net sales 225.00 Cost of goods sold 148.00 Selling, general, and administrative expenses 21.00 Depreciation 31.00 Earnings before interest and taxes (EBIT) s 25.00 Interest expense 2.50 Income before tax S 22.50 Tax (35% of income before tax) 7.88 Net income IS 14.83 Answer is not complete. BALANCE SHEET (Figures in $ millions) This Year Last Year Assets IS 31 Cash and marketable securities Accounts receivable Inventories 45 37 IS 113 36 s 149 IS s 25 Total current assets Net property, plant, and equipment Total assets Liabilities and shareholders' equity Accounts payable Notes payable Total current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity 30.00 35.00 40 IS 65 19 65 IS 225.00 IS 149 Dro