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  3. long-term debt ratio times interest earned curre

Long-term debt ratio Times interest earned Current rato Quick ratio Cash ratio...

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Question

Accounting

Long-term debt ratio
Times interest earned
Current rato
Quick ratio
Cash ratio
Inventory turnover
Average collection period
0.1
10.0
2
1.0
0.4
3.0
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, averaye 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.
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\table[[INCOME STATEMENT,],[(Figures in $ millions),],[Net sales,],[Cost of goods sold,],[Selling, general, and administrative expenses,],[Depreciation,24.00],[Earnings before interest and taxes (EBIT),],[Interest expense,],[Income before tax,],[Tax (35% of income before tax),],[Net income,]]
Balance Sheet
image

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