ces Long-term debt ratio 0.4 Times interest earned 8.0 Current ratio 1.4 Quick ratio 1.0 Cash ratio 0.2 5.0 73 days Inventory turnover Average collection periodi Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (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 10.00 Depreciation 20.00 Eamings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income BALANCE SHEET (Figures in $ millions) This Year Last Year