answer following questions

PHILIPPE CORPORATION 2011 and 2012 Balance Sheets (S in millions) 2011 2012 Assets Current assets Cash $ 215 210 Accounts receivable 355 310 Inventory 507 328 Total $ 853 $1,072 Fixed assets Net plant and equipment Total assets $6,085 $6,527 $7.380 $7,157 Liabilities and Owners' Equity Current liabilities Accounts payable 207 $ 298 Notes payable Total 1,715 $1,922 $1,987 1,427 $1,725 $2,308 Long-term debt Owners equity Common stock and paid-in surplus Retained earnings Total $1,000 2,248 $3,248 $7,157 $1,000 2,347 $3,347 Total liabilities and owners' equity $7,380 PHILIPPE CORPORATION 2012 Income Statement (S in millions) $4,053 Sales 2,780 Cost of goods sold 550 Depreciation 723 Earnings before interest and taxes 502 Interest paid 221 Taxable income 75 Taxes (34%) 146 Net income $47 Dividends 99 Addition to retained earnings Based on the balance sheets and income statement: calculate the following ratios for 2012: 1 Current ratio Quick ratio 2. 3. Cash ratio 4. Inventory turnover Receivables turnover 5. 6 Days' sales in inventory Days' sales in receivable Total debt ratio 7. 8 9. Equity multiplier Long-term debt ratio Time interest earned ratio 10. 11 12 13. Profit margin Return of assets Return on equity Cash coverage ratio 14. 15 ii. Construct the cash flow statement