Long-term debt ratio 0.3 Times interest earned 10.0 Current ratio 1.6 Quick ratio. 1.0 Cash ratio...

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Long-term debt ratio 0.3 Times interest earned 10.0 Current ratio 1.6 Quick ratio. 1.0 Cash ratio 0.3. Inventory turnover 3.0 Average collection period 73 days 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 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet 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. INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Selling, general, and administrative expenses 18.00 Depreciation 28.00 Earnings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income Long-term debt ratio 0.3 Times interest earned 10.0 Current ratio 1.6 Quick ratio. 1.0 Cash ratio 0.3. Inventory turnover 3.0 Average collection period 73 days 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 Complete this question by entering your answers in the tabs below. Income Statement Balance Sheet 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. INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Selling, general, and administrative expenses 18.00 Depreciation 28.00 Earnings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income

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Income Statement Net sales 8800 Cost of goods sold 6000 Selling general and administrative expense... View the full answer