Here are simplified financial statements for Phone Corporation in 2020: INCOME STATEMENT (Figures in $ millions) Net sales $ 13,400 Cost of goods sold 4.210 Other expenses 4.102 Depreciation 2.608 Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 21%) $ 2.480 700 $ 1,780 374 Net income Dividends $ 1,406 $ 886 Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 92 $ 161 2,532 2,550 202 253 882 947 $ 3,708 $ 3,911 20 0.003 4,246 19.945 3.800 $ 27.957 $ 27,656 Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity Calculate the following financial ratios for Phone Corporation: $ 2,594 1,434 826 $ 4,854 6,271 $ 3,970 1,588 802 $ 5.468 6,296 6,208 10,624 6,179 9,721 $ 27,957 $ 27,656 Note: Use 365 days In a year. Do not round Intermediate calculations. Round your final answers to 2 decimal pl a. Return on equity (use average balance sheet figures) b. Return on assets (use average balance sheet figures) c. Return on capital (use average balance sheet figures) d. Days in inventory (use start-of-year balance sheet figures) e. Inventory turnover (use start-of-year balance sheet figures) f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) 13.82 % 5.08 96 8.92 96 19.72 days 18.50 days 96 i. Total debt ratio (use end-of-year balance sheet figures) j. Times interest earned k. Cash coverage ratio 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures)