Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

INCOME STATEMENT

(Figures in $ millions)

Net sales

$

13,600

Cost of goods sold

4,310

Other expenses

4,162

Depreciation

2,668

Earnings before interest and taxes (EBIT)

$

2,460

Interest expense

710

Income before tax

$

1,750

Taxes (at 30%)

525

Net income

$

1,225

Dividends

$

906

BALANCE SHEET

(Figures in $ millions)
	End of Year				Start of Year
Assets
Cash and marketable securities	$	94			$	163
Receivables		2,632				2,590
Inventories		212				263
Other current assets		892				957
Total current assets	$	3,830			$	3,973
Net property, plant, and equipment		20,023				19,965
Other long-term assets		4,266				3,820
Total assets	$	28,119			$	27,758
Liabilities and shareholders equity
Payables	$	2,614			$	3,090
Short-term debt		1,444				1,598
Other current liabilities		836				812
Total current liabilities	$	4,894			$	5,500
Long-term debt and leases		5,773				5,938
Other long-term liabilities		6,228				6,199
Shareholders equity		11,224				10,121
Total liabilities and shareholders equity	$	28,119			$	27,758

Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Return on equity, Use AVG balance sheet fig %?

Return on assets Use AVg balance sheet figures %?

Return on Capital Use AVg balance sheet figures %?

Day in Inventory use start of yr balance sheet Days?

Inventory Turnover use start of yr balance sheet

Avg collection period use start of yr balance sheet Days?

Operating Profit margin %?

Long term debt ratio use end of the yr balance sheet

Total debt ratio use end of the yr balance sheet

Time interest earned

Current ratio use end of the yr balance sheet

Quick ratio..use end of the yr balance sheet