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QUESTION 14 Tables and show the income statement and balance sheet for a certain company. All quantities shown are in millions of dollars. What is
QUESTION 14 "Tables and 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 2020 Income Statement (in million of USDs) Total sales 400 Cosales -250 Gross Profit 150 -60 Selling, gural, and administrative expens Research and development Depreciation and amortization -22 -25 Other incus 10 Earnings before interest and taxes (EBIT) 53 Interest income (expenses! -20 33 Pretax income Taxes -12 Net Income 21 TABLED Balance Sheet (in million of USDs) 2020 Liabilities Assets Current Assets Cash 90 ostats Current Liabilities 100 Accounts payable 95 Notes payable/short-term debt 55 250 Total current liabilities Accounts receivable Inventories 15 Tocal current asset 105 Long Term Assets Long Term Liabilities 90 Not property, plant, and equipment Tocal long-term assets 15 Long-term debt 15 Total long-term liabilities 90 195 Total Liabilities ' Stockholders' Equity 70 Total Assets 265 Total Liabilities and Stockholders' Equity 265
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