Long term debt ratio = 0.3Times interest earned = 8.0Current ratio = 1.4Quick ratio = 1.0Cash ratio= 0.4Inventory turnover = 4.0Average 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. nts Income Statement Balance Sheet eBook Use the above information from the tables to work out the following missing entries, and then calculate the company's return Print 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. Show less A INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Selling, general, and administrative expenses 16.00 Depreciation 26.00 Earnings before interest and taxes (EBIT) Interest expense Income before tax Tax (35% of income before tax) Net income