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QUESTION 12 Tables 3 and 4 show the income statement and balance sheet for a certain company. All quantities shown are in millions of dollars.

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QUESTION 12 "Tables 3 and 4 show the income statement and balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's ROE in 2020? Note: Express your answers in strictly numerical terms, and in million of USDs." TABLE 3 Income Statement (in million of USDs) 2020 Total sales 450 Cost of sales -299 Gross Profit 151 -55 Selling, general, and administrative expenses Research and development Depreciation and amortization -19 -22 5 Other incoms 60 Earnings before interest and taxes (EBIT) -24 Interest incoms (expense) 36 Pretax income - 13 Taxes 23 Net Income TABLE4 2020 Balance Sheet (in million of USDs) Assets Current Assets Liabilities Current Liabilities Accounts payable 85 90 Interest income (expense) -24 Pretax income 36 Taxes -13 Net Income 23 TABLE 4 Balance Sheet (in million of USDs) 2020 Assets Current Assets Cash 85 Liabilities Current Liabilities 90 Accounts payable 95 Notes payable short-term debt 51 236 Total current liabilities 11 Accounts receivable Inventories 96 Total current assets Long Term Assets Loop Term Liabilities 90 Net property, plant, and equipment Total long-term assets 90 186 15 Long-term debe 15 Total long-term liabilities Total Liabilities Stockholders' Equity 251 Total Liabilities and Stockholders' Equity 65 251 Total Assets

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