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Long-term debt ratio 0.3 Times interest earned 10.0 Current ratio 1.1 Quick ratio 1.0 Cash ratio...

Long-term debt ratio 0.3
Times interest earned 10.0
Current ratio 1.1
Quick ratio 1.0
Cash ratio 0.4
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: 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.)

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ekkarill92 answered 1 year ago
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