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ok t BLOLEILIGHIL .... Use the above information from the tables to work out the following missing entries, and then calculate the company's return
ok t BLOLEILIGHIL .... Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values. Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places. BALANCE SHEET (Figures in $ millions) Assets Cash and marketable securities Accounts receivable Inventories Total current assets Net property, plant, and equipment Total assets Liabilities and shareholders' equity Accounts payable Notes payable Total current liabilities Long-term debt Shareholders' equity Total liabilities and shareholders' equity $ $ CA This Year 175.00 $ $ 20.00 $ 30.00 $ Last Year $ 26.00 40.00 32.00 98.00 31.00 129.00 15.00 35.00 50.00 26.00 53.00 129.00 Show lessA
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Answer 1 Sales Accounts receivable last year 365 collection days 220 ...Get Instant Access to Expert-Tailored Solutions
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