Long-term debt ratio	0.3
Times interest earned	10.0
Current ratio	1.1
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.)

INCOME STATEMENT(Figures in $ millions)

Net sales ?

Cost of goods sold ?

Selling, general, and administrative expenses 15.00

Depreciation 25.00

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 25

Accounts receivable 39

Inventories 31

Total current assets 95

Net property, plant, and equipment 30

Total assets 125

Liabilities and shareholders equity

Accounts payable 40.00 35

Notes payable 45.00 50

Total current liabilities 85

Long-term debt 25

Shareholders equity 15

Total liabilities and shareholders equity 170.00 125