Answer Happy

* Tables Cand show the income statement and balance sheet for a certain company. All quantities shown are in millions of dollars. What is the company's ROE in 2021? Note: Express your answers in strictly numerical terms, and IN million of USDs." TABLE C Income Statement (in million of USDs) 2021 Total sales 500 Cost of sales -300 Gross Profit 200 -90 Selling general and administrative expenses Research and development Depreciation and amortization Other income -22 -25 10 73 -22 Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Takes Net Income $1 -18 33
2021 TABLED Balance Sheet (in million of USDs) Assets Current Assets Cash Liabilities Current Liabilities 100 Accounts payable 95 Notes payable/short-term debt 55 100 Accounts receivable 15 Inventories Total current assets 250 Total current liabilities 115 Long-Term Assets Long Term Liabilities 15 Long-term debt 90 Net property, plant, and equipment Total long-term assets 90 205 15 Total long-term liabilities Total Liabilities Stockholders' Equity Total Liabilities 265 Stockholders' Equity 60 Total Assets and 265