Long-term debt ratio Times interest earned 0.3 10.0 1.4 1.0 0.4 5.0 Current ratio Quick ratio Cash ratio Inventory turnover 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 12.00 22.00 Depreciation 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 22 Accounts receivable 36 Inventories 28 Total current assets 86 Net property, plant, and equipment 27 113 Total assets Liabilities and shareholders' equity Accounts payable 25.00 2$ 20 Notes payable 30.00 35 2$ Total current liabilities 55 Long-term debt 22 Shareholders' equity 36 2$ Total liabilities and shareholders' equity 130.00 113