Long-term debt ratio	0.1
Times interest earned	10.0
Current ratio	1.2
Quick ratio	1.0
Cash ratio	0.4
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.)

Can you please correct the wrong ones on Balance Sheet? please show with your calculations.

INCOME STATEMENT (Figures in $ millions) Net sales $ 240.00 120.00 24.00 Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) 34.00 62.00 Interest expense 6.20 Income before tax $ 55.80 19.53 Tax (35% of income before tax) Net income $ 36.27 BALANCE SHEET (Figures in $ millions) This Year Last Year Assets Cash and marketable securities $ 40.00 X $ 34 Accounts receivable 10.00 X 48 Inventories 70.00 X 40 Total current assets $ 120.00 X $ 122 Net property, plant, and equipment 160.00 X 39 Total assets 280.00 161 Liabilities and shareholders' equity Accounts payable Notes payable $ 20.00 15 30.00 35 Total current liabilities $ 50.00 $ 50 28.00 X 22 Long-term debt Shareholders' equity Total liabilities and shareholders' equity 202.00 X 89 $ 280.00 $ 161