Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales $ 12,400 Cost of goods sold 3,660 Other expenses 4,137 Depreciation 2,278 Earnings before interest and taxes (EBIT) Interest expense Income before tax $ 2,325 645 $ 1,680 Taxes (at 30%) Net income Dividends 504 $ 1,176 $ 796 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities $ 81 $ 150 Receivables 1,982 2,330 Inventories 147 198 Other current assets. 827 892 Total current assets $ 3,037 $ 3,570 Net property, plant, and equipment Other long-term assets 19,893 19,835 4,136 3,690 Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities $ 2,484 1,379 771 $ 27,066 $ 27,095 $ 2,960 1,533 747 $ 4,634 $ 5,240 Long-term debt and leases 9,010 8,265 Other long-term liabilities 6,098 6,069 Shareholders' equity 7,324 7,521 Total liabilities and shareholders' equity $ 27,066 $ 27,095 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.) 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) % % % days days % i. Total debt ratio (use end-of-year balance sheet figures) j. Times interest earned k. Cash coverage ratio I. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures)