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Help answer this questions please on bottom Here are simplified financial statements for Phone Corporation in 2020 : Calculate the following financial ratios for Phone
Help answer this questions please on bottom
Here are simplified financial statements for Phone Corporation in 2020 : Calculate the following financial ratios for Phone Corporation: Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places. \begin{tabular}{|l|l|l|} \hline a. Return on equity (use average balance sheet figures) & & % \\ \hline b. Return on assets (use average balance sheet figures) & % \\ \hline c. Return on capital (use average balance sheet figures) & & % \\ \hline d. Days in inventory (use start-of-year balance sheet figures) & days \\ \hline e. Inventory turnover (use start-of-year balance sheet figures) & & \\ \hline f. Average collection period (use start-of-year balance sheet figures) & days \\ \hline g. Operating profit margin & % \\ \hline h. Long-term debt ratio (use end-of-year balance sheet figures) & & \\ \hline i. Total debt ratio (use end-of-year balance sheet figures) & & \\ \hline j. Times interest earned & & \\ \hline k. Cash coverage ratio & & \\ \hline I. Current ratio (use end-of-year balance sheet figures) & & \\ \hline m. Quick ratio (use end-of-year balance sheet figures) & & \\ \hline \end{tabular}Step by Step Solution
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