Financial Statements Analysis Online Assignment 04 Question #2 Your broker faxed you the following information but unfortunately, your fax machine is blurring due to which you received incomplete financial statements. You are required to use available information from the tables to work out the following missing entries, and then calculate the company's return on equity. Long-term debt ratio Times interest earned Current ratio Quick ratio 1.0 Cash ratio 10.2 Inventory turnover 5.0 Average collection period 73 Days Income Statement For the year ending December 31, 2019 Net Sales Cost of goods sold Gross Profit Selling, general & admin expenses Depreciation EBIT Interest expense Income before income tax Tax (35% of income before tax) Net Income Balance Sheet As on December 31, 2019 2019 2018 (Austin Milliona) (A Mi Cash Accounts receivables Inventories Total Current Assets Net Property Plant and Equipment Total Assets Liability and Shareholder Equity Accounts Payable Notes Payable Total Current Liabilities Long Term Debt Sharcholder's Equity Total Liability and Shareholder Equity 10S Note Inventory tumower, average collection period, and return on equity are welated using surtout l es vales Page 3 of 5