Long-term debt ratio0.2Times interest earned8.0Current ratio1.7Quick ratio1.0Cash ratio0.4Inventory turnover4.0Average collection period73days

Use the above information from the tables to work out the following missing entries, and then calculate the companys return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values.

Please see the attachment

Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.2 8.0 1.7 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 and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) $ Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Earnings before interest and taxes (EBIT) 19.00 29.00 $ Interest expense $ Income before tax Tax (35% of income before tax) Net income $ BALANCE SHEET (Figures in $ millions) This Year Assets Last Year Cash and marketable securities $ $ 29 43 Accounts receivable 35 Inventories Total current assets $ $ 107 34 $ $14 1 Net property, plant, and equipment Total assets Liabilities and shareholders' equity Accounts payable Notes payable $20.00 30.00 Total current liabilities 50 25 Long-term debt 66 Shareholders' equity Total liabilities and shareholders' equity $ 15 35 $190.00 $14 1