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: 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.

BALANCE SHEET
(Figures in $ millions)
	This Year	Last Year
Assets
Cash and marketable securities		$25.00
Accounts receivable		39.00
Inventories		31.00
Total current assets		$95.00
Net property, plant, and equipment		30.00
Total assets		$125.00
Liabilities and shareholders equity
Accounts payable	$40.00	$35.00
Notes payable	45.00	50.00
Total current liabilities		$85.00
Long-term debt		25.00
Shareholders equity		15.00
Total liabilities and shareholders equity	$170.00	$125.00