Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) $ 12,200 3,560 Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense 4,037 2,218 $ 2,385 635 $ 1,750 Income before tax Taxes (at 30%) 525 $ 1,225 Net income Dividends 746 BALANCE SHEET (Figures in $ millions) End of Start of Year Year Assets Cash and marketable securities 79 148 Receivables 1,882 2,290 137 Inventories 188 882 817 Other current assets 2,915 2$ Total current assets 3,508 19,815 3,670 Net property, plant, and equipment Other long-term assets 19,873 4,116 $ 26,904 $ 26,993 Total assets Liabilities and shareholders' equity 2,464 1,369 Payables 2,940 1,523 Short-term debt 761 Other current liabilities 737 $ 4,594 9,508 Total current liabilities 2$ 5,200 Long-term debt and leases Other long-term liabilities Shareholders' equity 8,623 6,049 7,121 6,078 6,724 $ 26,904 $ 26,993 Total liabilities and shareholders' equity 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) 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) days days