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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.3 10.0 1,6 1.0 0.3 3.0 73 days

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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.3 10.0 1,6 1.0 0.3 3.0 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) alos Net sales Cost of goods sold Selling, general, and administrative expenses 18.00 Depreciation 28.00 Eamings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income BALANCE SHEET (Figures in $ millions) Last Year This Year Assets 28 Cash and marketable securities 42 Accounts receivable 34 Inventories 104 S Total current assets 33 Net property, plant, and equipment 137 Total assets Liabilities and shareholders' equity 20 $ 25.00 Accounts payable 35.00 40 Notes payable 60 Total current liabilities 28 Long-term debt 49 Shareholders' equity 137 S 200.00 Total liabilities and shareholders' equity 66

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