• 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 StatementTotal Sales $213\mathrm{.}2$ Cost of Sales $142\mathrm{.}2$ Gross Profit $213\mathrm{.}2-142\mathrm{.}2$ Selling and Administrative Expenses $18\mathrm{.}1$ Research and Development $8\mathrm{.}6$ Depreciation and Amortization $4\mathrm{.}2$ Other Income $3\mathrm{.}0$ EBIT $213\mathrm{.}2-142\mathrm{.}2-18\mathrm{.}1-8\mathrm{.}6-4\mathrm{.}2+3\mathrm{.}0$ Interest Expense $5\mathrm{.}2$ Pretax Income $213\mathrm{.}2-142\mathrm{.}2-18\mathrm{.}1-8\mathrm{.}6-4\mathrm{.}2+3\mathrm{.}0-5\mathrm{.}2$ Taxes $(213\mathrm{.}2-142\mathrm{.}2-18\mathrm{.}1-8\mathrm{.}6-4\mathrm{.}2+3\mathrm{.}0-5\mathrm{.}2)*0\mathrm{.}30$ Net Income $(213\mathrm{.}2-142\mathrm{.}2-18\mathrm{.}1-8\mathrm{.}6-4\mathrm{.}2+3\mathrm{.}0-5\mathrm{.}2)*0\mathrm{.}70$ Balance SheetAssets LiabilitiesCash $73\mathrm{.}0$ Accounts Payable $43\mathrm{.}6$Accounts Receivable $43\mathrm{.}5$ Notes Payable$/$Short term debt $1\mathrm{.}9$Inventories $6\mathrm{.}2$ Total Current Assets $73\mathrm{.}0+43\mathrm{.}5+6\mathrm{.}2$ Total Current Liabilities $43\mathrm{.}6+1\mathrm{.}9$Net property, plant and equipment $100\mathrm{.}2$ Long$-$term debt $80\mathrm{.}7$Total long$-$term assets $100\mathrm{.}2$ Total long$-$term debt liabilities $80\mathrm{.}7$ Total Liabilities $43\mathrm{.}6+1\mathrm{.}9+80\mathrm{.}7$ Stockholders' Equity $($Total Equity$)73\mathrm{.}0+43\mathrm{.}5+6\mathrm{.}2+100\mathrm{.}2-43\mathrm{.}6-1\mathrm{.}9-80\mathrm{.}7$Total Assets $73\mathrm{.}0+43\mathrm{.}5+6\mathrm{.}2+100\mathrm{.}2$ Total Liabilities and Stockholders' Equity $43\mathrm{.}6+1\mathrm{.}9+80\mathrm{.}7+73\mathrm{.}0+43\mathrm{.}5+6\mathrm{.}2+100\mathrm{.}2-43\mathrm{.}6-1\mathrm{.}9-80\mathrm{.}7$What was the company's ROE in $2018?$NOTE: $($Use the numbers as is$).$ Use 
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