QUESTION 6 Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions. Income Statement Total Sales 229.2 Cost of Sales 148.7 Gross Profit 229.2-148.7 Selling and Administrative Expenses 22.7 Research and Development 6.0 Depreciation and Amortization 2.0 Other Income 4.7 EBIT 229.2-148.7-22.7-6.0-2.0+4.7 Interest Expense 6.5 Pretax Income 229.2-148.7-22.7-6.0-2.0+4.7-6.5 Taxes ( 229.2-148.7-22.7-6.0-2.0+4.7-6.5 )*0.30 Net Income ( 229.2-148.7-22.7-6.0-2.0+4.7-6.5 )*0.70 Balance Sheet Assets Liabilities Cash 70.2 Accounts Payable 41.7 Accounts Receivable 46.8 Notes Payable/Short term debt 1.8 Inventories 7.0 Total Current Assets 70.2+46.8+7.0 Total Current Liabilities 41.7+1.8 Net property, plant and equipment 100.3 Long-term debt 86.5 Total long-term assets 100.3 Total long-term debt liabilities 86.5 Total Liabilities 41.7+1.8+86.5 Stockholders' Equity (Total Equity) 70.2+ 46.8+7.0+100.3-41.7-1.8-86.5 Total Assets 70.2+46.8+7.0+100.3 Total Liabilities and Stockholders' Equity 41.7+1.8+86.5+ 70.2+ 46.8+7.0+100.3-41.7-1.8-86.5 What was the company's ROE in 2018? NOTE: (Use the numbers as is). Use four decimals for your answers.