Here are simplified financial statements for Phone Corporation in a recent year:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	13,600
Cost of goods sold		4,310
Other expenses		4,162
Depreciation		2,668
Earnings before interest and taxes (EBIT)	$	2,460
Interest expense		710
Income before tax	$	1,750
Taxes (at 30%)		525
Net income	$	1,225
Dividends	$	906

BALANCE SHEET
(Figures in $ millions)
	End of Year				Start of Year
Assets
Cash and marketable securities	$	94			$	163
Receivables		2,632				2,590
Inventories		212				263
Other current assets		892				957
Total current assets	$	3,830			$	3,973
Net property, plant, and equipment		20,023				19,965
Other long-term assets		4,266				3,820
Total assets	$	28,119			$	27,758
Liabilities and shareholders equity
Payables	$	2,614			$	3,090
Short-term debt		1,444				1,598
Other current liabilities		836				812
Total current liabilities	$	4,894			$	5,500
Long-term debt and leases		5,773				5,938
Other long-term liabilities		6,228				6,199
Shareholders equity		11,224				10,121
Total liabilities and shareholders equity	$	28,119			$	27,758

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.)

% % days 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) i. Total debt ratio (use end-of-year balance sheet figures) Ej. 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) days %