Questions 14 to 17
	Use the following financial statement information to compute the various financial ratios indicated in the green box. For ROE and ROIC enter your answer as a percent without the %; round all answers to two decimals.
	Assumptions
	Corporate tax rate	21%
	Income Statement						Question 14	ROE
	Sales	$ 1,286.00					Question 15	ROIC
	Cost of goods sold	$ 733.02					Question 16	Debt-to-equity
	Gross margin	$ 552.98						DSI
	Sales, general, and administrative expense	$ 94.01						DSO
	Depreciation expense	$ 77.42						DPO
	EBIT	$ 381.56					Question 17	CCC
	Interest Expense	$ 118.28
	EBT	$ 263.27
	Taxes	$ 55.29
	Earnings	$ 207.99
	Balance Sheet
	Cash	$ 398.66	Accounts payable	$ 540.12
	Accounts receivable	$ 501.54	Current portion of Long-term-debt	$ 411.52
	Inventory	$ 437.24	Short-term debt	$ 552.98
	Total Current Assets	$ 1,337.44	Total current liabilities	$ 1,504.62
			Long-term debt	$ 334.36
	Property, plant, and equipment	$ 951.64	Total liabilities	$ 1,838.98
	Accumulated depreciation	$ 295.01
	Net property, plant and equipment	$ 656.63	Common stock at par value	$ 411.52
			Additional paid in capital	$ 372.94
	Other assets	$ 729.37	Retained earnings	$ 100.00
			Total shareholders' equity	$ 884.46
	Total assets	$ 2,723.44	Total liabilities and shareholders' equity	$ 2,723.44