3 1 points Here are simplified financial statements for Phone Corporation in a recent year. INCOME STATEMENT (Figures in millions) $ 13,900 Net Sales Cost of goods sold 4,460 Other expenses 4,197 Depreciation 2.758 eBook Earnings before interest and taxes (EBIT) Interest expense $ 2,485 725 Print Income before tax Taxes (at 30%) $ 1,760 528 References Net Income Dividends $ 1.232 $ 936 Start of Year BALANCE SHEET (Figures in 5 millions) End of Year Assets Cash and marketable securities S 97 Receivables 2.782 Inventories 227 Other current assets 907 $ 166 2.650 278 972 Total current assets Net property, plant, and equipment Other long-term assets $ 4,013 20.053 4.296 $ 4,066 19,995 3,850 Total assets $28.362 $ 27,911 Llabilities and shareholders' equity Payables Short-term debt Other current liabilities $ 2.644 1459 851 $ 3,120 1,613 827 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders equity $ 4,954 5,026 6,258 12,124 $ 5,560 5,401 6,229 10,721 $28,362 $ 27.911 Liabilities and shareholders' equity Payables Short-term debt Other current liabilities $ 2,644 1,459 851 $ 3,120 1.613 827 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity $ 4,954 5,026 6,258 12,124 $ 5,560 5,401 6.229 10.721 Total liabilities and shareholders' equity $28.362 $ 27,911 % % Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your percentage answers "Return on equity": "Return on assets", Return on capital" and "Operating profit margin" to 2 decimal places and the rest to 2 decimal places.) Return on equity (Use ending equity) Return on assets (Use after-tax operating income and ending assets.) Days in Inventory (Use ending inventory) Inventory turnover (Use ending inventory.) Average collection period (Use ending receivables.) Operating profit margin (Use after-tax operating income.) Recievable Turnover Asset Turnover days days %