Income Statement Balance Sheet 2,500,000 Sales S20,000,000 Assets: Cost of Goods Sold 3.000.000 Cash $5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable, net Depreciation Expense 3.000.000 Inventory 30,000,000 7,400,000 Prepaid Expenses 5,000,000 Interest 2.000.000 Plant & Equipment 30,000,000 5,400,000 Taxes (25%) 1.350,000 Total Assets 85,000,000 4,050,000 Common Stock Div. 600,000 Liabilities and Equity $3,450,000 Accounts Payable $20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 25,000,000 Common Stock 5,000,000 Capital in Excess of Par 10,000,000 Retained Earnings 5,000,000 Total Liabilities and Equity S85.000.000 Shares outstanding of common stock - 1,000,000 Market price of common stock =$18. The Return on Equity is: O LL Income Statement Balance Sheet 2,500,000 Sales $20.000.000 Assets: Cost of Goods Sold 8.000.000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable, net Depreciation Expense 3,000,000 Inventory 30,000,000 7,400,000 Prepaid Expenses 5,000,000 Interest 2.000.000 Plant & Equipment 30,000,000 5,400,000 Taxes (25%) 1,350,000 Total Assets 85,000,000 4,050,000 Common Stock Div. 600,000 Liabilities and Equity: $3,450,000 Accounts Payable S20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 25,000,000 Common Stock 5,000,000 Capital in Excess of Par 10.000.000 Retained Earnings 5,000,000 Total Liabilities and Equity $85,000,000 Shares outstanding of common stock = 1,000,000 Market price of common stock = $18. The Average Collection Period (365 day year) is