Long-term debt ratio	0.4
Times interest earned	8.0
Current ratio	1.3
Quick ratio	1.0
Cash ratio	0.6
Inventory turnover	5.0
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	13.00
Depreciation	23.00
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		$			$ 23
Accounts receivable					37
Inventories					29
Total current assets		$			$ 89
Net property, plant, and equipment					28
Total assets		$			$117
Liabilities and shareholders equity
Accounts payable		$30.00			$ 25
Notes payable		35.00			40
Total current liabilities					65
Long-term debt					23
Shareholders equity					29
Total liabilities and shareholders equity		$135.00			$117