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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
"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 Other income 5 Earnings before interest and taxes (EBIT) 60 Interest income (expense) -24 Pretax income 36 Taxes -13 Net Income 23 TABLE4 Balance Sheet (in million of USDs) 2020 Assets Liabilities Current Assets Current Liabilities Accounts payable Cash 90 85 Accounts receivable 95 Notes payable short-term debt 11 Inventories 51 Total current assets 236 Total current liabilities 96 Long-Term Assets Long-Term Liabilities Net property, plant, and equipment 90 15 Long-term debt 15 Total long-term liabilities 90 Total long-term assets Total Liabilities 186 Stockholders' Equity 65 Total Assets 251 Total Liabilities and Stockholders' Equity 251
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