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Balance Sheet ( figures in $ millions ) Fiscal 2 0 1 9 Fiscal 2 0 1 8 Assets Current assets: Cash and marketable securities

Balance Sheet (figures in $ millions)
Fiscal 2019 Fiscal 2018
Assets
Current assets:
Cash and marketable securities $ 9,505 $ 7,762
Accounts receivable 6,3246,323
Inventories 44,47544,309
Other current assets 1,6623,663
Total current assets $ 61,966 $ 62,057
Fixed assets:
Net fixed assets $ 127,089 $ 111,435
Other long-term assets 47,68046,043
Total assets $ 236,735 $ 219,535
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 47,013 $ 47,100
Other current liabilities 30,85730,457
Total current liabilities $ 77,870 $ 77,557
Long-term debt 43,75443,560
Other long-term liabilities 33,47918,704
Total liabilities $ 155,103 $ 139,821
Total shareholders' equity 81,63279,714
Total liabilities and shareholders equity $ 236,735 $ 219,535
Income Statement (figures in $ millions)
Net sales $ 524,004
Cost of goods sold 394,645
Selling, general, and administrative expenses 97,844
Depreciation 11,027
Other income/expenses 2,187
Earnings before interest and taxes (EBIT) $ 22,675
Interest expense 2,639
Taxable income $ 20,036
Tax 4,600
Net income $ 15,436
Assume a tax rate of 21%. Calculate the following using balance-sheet figures and Income statement figures:
Calculate the return on assets. (Fiscal 2018)
Note: Enter your answer as a percent rounded to 2 decimal places.
Calculate the operating profit margin.
Note: Enter your answer as a percent rounded to 2 decimal places.
Calculate the sales-to-assets ratio. (Fiscal 2019)
Note: Round your answer to 2 decimal places.
Calculate the inventory turnover. (Fiscal 2018)
Note: Round your answer to 2 decimal places.
Calculate the debt-equity ratio. (Fiscal 2019)
Note: Round your answer to 4 decimal places.
Calculate the current ratio. (Fiscal 2019)
Note: Round your answer to 4 decimal places.
Calculate the quick ratio. (Fiscal 2019)
Note: Round your answer to 4 decimal places.

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