in its 2003 annual report. Additional information includes aver- age common shares outstanding of 1,296 million in 2003 and market price per share of $88.30 at its fiscal year end of June 30, 2003. The company paid $125 million in dividends to preferred stockholders during the year ended June 30, 2003. Dividends of $1.64 per share were paid on common stock. Compute the following ratios for 2003:

1. Current ratio 2. Quick ratio (use current assets - inventories as the numerator) 3. Average collection period 4. Total-debt-to-total-assets (define total debt as total liabilities) 5. Total-debt-to-equity (define total debt as total liabilities) 6. Interest coverage 7. Return on common stockholders' equity 8. Gross profit rate 9. Return on sales 10. Asset turnover 11. Return on assets 12. EPS (basic) 13. P-E ratio 14. Dividend-yield ratio (for common stock) 15. Dividend-payout ratio (for common stock) 16. Market-to-book value