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Question: Long-term debt ratio 0.3 Times interest earned 10.0 ...

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Long-term debt ratio	0.3
Times interest earned	10.0
Current ratio	1.4
Quick ratio	1.0
Cash ratio	0.4
Inventory turnover	5.0
Average collection period	73	days

Use the above information from the tables to work out the following missing entries, and then calculate the companys 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.)

INCOME STATEMENT
(Figures in $ millions)
Net sales	$
Cost of goods sold
Selling, general, and administrative expenses	12.00
Depreciation	22.00
Earnings before interest and taxes (EBIT)	$
Interest expense
Income before tax	$
Tax (35% of income before tax)
Net income	$

BALANCE SHEET
(Figures in $ millions)
		This Year			Last Year
Assets
Cash and marketable securities		$			$ 22
Accounts receivable					36
Inventories					28
Total current assets		$			$ 86
Net property, plant, and equipment					27
Total assets		$			$113
Liabilities and shareholders equity
Accounts payable		$25.00			$ 20
Notes payable		30.00			35
Total current liabilities					55
Long-term debt					22
Shareholders equity					36
Total liabilities and shareholders equity		$130.00			$113
please show all workings so i can see how you arrive at your answers

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  Current ratio

  1.20

  Current Ratio=Current assets/current liabilities