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Long - term debt ratio 0 . 1 Times interest earned 1 0 . 0 Current ratio 1 . 6 Quick ratio 1 . 0

Long-term debt ratio 0.1
Times interest earned 10.0
Current ratio 1.6
Quick ratio 1.0
Cash ratio 0.4
Inventory turnover 4.0
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: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, valuesUse the above information from the tables to work out the following missing entries, and then calculate the company's return
on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not
average, values.
Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.. Income Statement
Balance Sheet
Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.
Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.
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\table[[BALANCE SHEET],[(Figures in $ millions)],[,This Year,Last Year],[Assets],[Cash and marketable securities,,$ 36.00],[Accounts receivable,,50.00],[Inventories,,42.00],[Total current assets,,$ 128.00],[Net property, plant, and equipment,,41.00],[Total assets,,$ 169.00],[Liabilities and shareholders' equity],[Accounts payable,$ 20.00,$ ,15.00],[Notes payable,35.00,40.00],[Total current liabilities,,$ 55.00],[Long-term debt,,20.00],[Shareholders' equity,,94.00],[Total liabilities and shareholders' equity,$ 270.00,$ ,169.00]]
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