Long-term debt ratio 6.4 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 company's 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 $ 17 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 $ 35.00 $ 117