Long-term debt ratio0.1Times interest earned10.0Current ratio1.2Quick ratio1.0Cash ratio0.4Inventory turnover3.0Average collection period73days

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.)

Net sales:

Cost of goods sold: ?

Earnings before interest and taxes (EBIT): ?

Interest Expense: ?

Income before tax: ?

Tax (35% of income before tax): ?

Net income: ?

All numbers in $ milions

This year Last Year

Assets

Cash and marketable securities: ? 34

Accounts receivable: ? 48

Inventories: ? 40

Total current assets: ? 122

Net property, plant, and equipment: ? 39

Total Assets: ? 161

Liabilities and shareholders' equity

Accounts payable: 20 15

Notes payable: 30 35

Total current liabilities: ? 50

Long term debt: ? 22

Shareholders' equity: ? 89

Total liabilitites and shareholders' equity: 280 161