Use the following information on Dylan Enterprises for questions: (10 points)

Income Statement
Revenues	$320,000,000
Less: Cost of Goods Sold	$162,000,000
Gross Profit	$158,000,000
Less: Operating Expenses	$120,000,000
Less: Depreciation	$11,000,000
Operating Profit	$27,000,000
Less: Interest Expense	$8,500,000
Net Profit Before Taxes	$18,500,000
Less: Taxes	$6,290,000
Net Income	$12,210,000
Earnings Available to Common	$12,210,000
Dividends Paid (60% of EAC)	$7,326,000
Addition to Retained Earnings	$4,884,000

Balance Sheet
Assets	Current Year	Prior Year	Change
Cash	$1,500,000	$3,000,000	($1,500,000)
Marketable Securities	$1,500,000	$3,200,000	($1,700,000)
Accounts Receivable	$57,000,000	$44,000,000	$13,000,000
Inventory	$106,000,000	$99,000,000	$7,000,000
Pre-Paid Expenses	$8,400,000	$11,000,000	($2,600,000)
Total Current Assets	$174,400,000	$160,200,000	$14,200,000
Long-Term Assets	$148,000,000	$154,000,000	($6,000,000)
Total Assets	$322,400,000	$314,200,000	$8,200,000
Liabilities	Current Year	Prior Year	Change
Accounts Payable	$8,716,000	$6,400,000	$2,316,000
Short-Term Debt	$102,000,000	$105,000,000	($3,000,000)
Total Current Liabilities	$110,716,000	$111,400,000	($684,000)
Long-Term Debt (8%)	$115,000,000	$111,000,000	$4,000,000
Total Liabilities	$225,716,000	$222,400,000	$3,316,000
Common Stock ($1 par value)	$2,000,000	$2,000,000	$0
Paid-In Capital	$65,000,000	$65,000,000	$0
Retained Earnings		$24,800,000	$4,884,000
Total Equity	$96,684,000	$91,800,000	$4,884,000
Total Liabilities and Equity	$322,400,000	$314,200,000	$8,200,000

1). What is Dylan's time interest earned (TIE) for the current year? (2 points)

2). What is Dylan's retained earning for the current year? (2 points)

3). Waht is Dylan's days-sales- outstanding (DSO) for the current year? (2 points)

4). DuPont model for profitability & ROE analysis: Calculate current years ROE by showing the value of each individual component. (4 points)