am.101. Long-term debt ratio0.1Times interest earned10.0Current ratio1.6Quick ratio1.0Cash ratio0.6Inventory turnover3.0Average collection period73 daysUse the above Information from the tables to work out the following missing entries, and then calculate the company's return onequity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, not average, values.Answer is complete but not entirely correct.Complete this question by entering your answers in the tabs below.IncomeStatementBalance SheetUse the above information from the tables to work out the following missing entries, and then calculate the company's returnon equity. Note: Inventory turnover, average collection period, and return on equity are calculated using start-of-year, notaverage, values.Note: Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.BALANCE SHEET(Figures in $ millions)This YearLast YearAssetsCash and marketable securitiesS39.00$37.00Accounts receivableInventories26.0051.0039.0043.00Total current assetsS104.00 $131.00Net property, plant, and equipment171.0042.00Total assetsS275.00 $173.00Liabilities and shareholders' equityAccounts payableS25.00$20.00Notes payable40.0045.00Total current liabilitiesS65.00$65.00Long-term debt27.50x18.00Shareholders' equity182.50x90.00Total liabilities and shareholders' equity275.00 $173.00Show less▲

Name: am.101. Long-term debt ratio0.1Times interest earned10.0Current ratio1
Uploaded: 2024-03-20T06:32:37.000Z
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Description: am.101. Long-term debt ratio0.1Times interest earned10.0Current ratio1.6Quick ratio1.0Cash ratio0.6Inventory turnover3.0Average collection period73 daysUse the above Information from the tables to work out the following missing entries, and then calc