Here are simplified financial statements al Phone Corporation from a recent year: INCOME STATEMENT (Figures in millions of dollars) Net sales Cost of goods sold Other expenses Depreciation 12.400 3.660 2.278 2.325 Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 30%) 504 1.178 Net income Dividends Start of Year BALANCE SHEET (Figures in millions of dollars) End of Year Abeete Cash and marketable securities Receivables 1.982 150 2.330 198 147 Other current assets 827 892 Total current assets Net property, plant, and equipment Other long-term assets 3.037 19.893 4.138 3.570 19.835 3.890 Talal assets 27 088 27.095 Llabilities and shareholders' equity Payables Short-term debat Other current liabilities 2.484 1.379 2.960 1.533 747 771 5.240 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders equity 4.634 9.010 8.098 7324 3265 6.069 7521 Talal liabilities and shareholders' equity 27,068 27.095 Calculate the following financial ratios: (Use 365 days in a year Do not round Intermediate calculatione Round your answers to 2 decimal places.) 2. Long-term debt ratio b. Total debt ratio C. Times interest earned d. Cash coverage ratio e. Current ratio f. Quick ratio 9. Operating profit margin h. Inventory turnover i. Days in inventory j Average collection period k. Retum an equity LReturn on assets m. Retum on capital n. Asset Turnover days days