Long-term debt ratio	0.3
Times interest earned	8.0
Current ratio	1.1
Quick ratio	1.0
Cash ratio	0.3
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: 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	23.00
Depreciation	33.00
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		$			$ 33
Accounts receivable					47
Inventories					39
Total current assets		$			$ 119
Net property, plant, and equipment					38
Total assets		$			$157
Liabilities and shareholders equity
Accounts payable		$40.00			$ 35
Notes payable		50.00			55
Total current liabilities					90
Long-term debt					21
Shareholders equity					46
Total liabilities and shareholders equity		$235			$157
please show all workings so i can see how you arrive at your answers