Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales $ 13,700 Cost of goods sold 4,360 Other expenses 4,047 Depreciation 2,698 Earnings before interest and taxes (EBIT) $ 2,595 Interest expense 715 Income before tax $ 1,880 Taxes (at 35%) 658 Net income $ 1,222 Dividends $ 916 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities $ 95 $ 164 Receivables 2,682 2,610 Inventories 217 268 Other current assets 897 962 Total current assets $ 3,891 $ 4,004 Net property, plant, and equipment 20,033 19,975 Other long-term assets 4,276 3,830 Total assets $ 28,200 $ 27,809 Liabilities and shareholders equity Payables $ 2,624 $ 3,100 Short-term debt 1,449 1,603 Other current liabilities 841 817 Total current liabilities $ 4,914 $ 5,520 Long-term debt and leases 5,524 5,759 Other long-term liabilities 6,238 6,209 Shareholders equity 11,524 10,321 Total liabilities and shareholders equity $ 28,200 $ 27,809

A. return on equity (use avg) B return on assets (use avg) C. return on capital (use avg) d. Days in inventory (use start of year) E. Inventory turnover (use start of year) F. Average collection period (use start of year) G. Operating Profit Margin H. Long term debt ratio (use end of year) I total debt ratio (use end of year) J time interest earned K cash coverage ratio L Current Ratio (use end of year) M Quick Ratio (use end of year)