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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover . Average collection period T .3 .0 .4 .0 .4 0
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover . Average collection period T .3 .0 .4 .0 .4 0 3 IbEIl-Il-Iml 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: Inventory turnover. average collection period. and return on equity are calculated using start-of-vear, not average, values. Complete this quutlon by entering your answers In the tab: below. Income Balance Sheet Statement Use the above Information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-vear, not average, values. Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places. Show less; INCOME STATEMENT (Figures In S millions) Net sales Cost of goods sold Selling, general. and administrative expenses 15.00 Depreciation 25 .00 Earnings before interest and taxes (EBIT): Interest expense Income before tax Tax {35% of income before tax) Net income Balance Sheet )
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