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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection periood 0.1 8.0 1.8 1.0 0.4 4.0 73 days

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Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection periood 0.1 8.0 1.8 1.0 0.4 4.0 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 nd final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Selling, general, and administrative expenses 28.00 38.00 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 Accounts receivable Inventories 38 52 Total current assets 134 Net property, plant, and equipment 43 Total assets Liabilities and shareholders' equity 20.00S Accounts payable Notes payable 15 30 45 17 115 25.00 Total current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity 250.00 S

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