Long-term debt ratio	0.1
Times interest earned	10.0
Current ratio	1.6
Quick ratio	1.0
Cash ratio	0.6
Inventory turnover	3.0
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	27.00
Depreciation	37.00
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		$37
Accounts receivable		51
Inventories		43
Total current assets		$131
Net property, plant, and equipment		42
Total assets		$173
Liabilities and shareholders equity
Accounts payable	$25.00	$20
Notes payable	40.00	45
Total current liabilities		$65
Long-term debt		18
Shareholders equity		90
Total liabilities and shareholders equity	$275.00	$173