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

INCOME STATEMENT(Figures in $ millions)

Net sales$13,300

Cost of goods sold4,160

Other expenses4,087

Depreciation2,578

Earnings before interest and taxes (EBIT)$2,475

Interest expense695

Income before tax$1,780

Taxes (at 30%)534

Net income$1,246

Dividends$876

BALANCE SHEET(Figures in $ millions)

End of Year----Start of Year

Assets

Cash and marketable securities$91$160

Receivables2,4822,530

Inventories197248

Other current assets877942

Total current assets$3,647$3,880

Net property, plant, and equipment19,99319,935

Other long-term assets4,2363,790

Total assets$27,876$27,605

Liabilities and shareholders' equity

Payables$2,584$3,060

Short-term debt1,4291,583

Other current liabilities821797

Total current liabilities$4,834$5,440

Long-term debt and leases6,5206,475

Other long-term liabilities6,1986,169

Shareholders' equity10,3249,521

Total liabilities and shareholders' equity$27,876$27,605

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)_____days

e.Inventory turnover (use start-of-year balance sheet figures)_____

f.Average collection period (use start-of-year balance sheet figures)_____days

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_____

l.Current ratio (use end-of-year balance sheet figures)_____

m.Quick ratio (use end-of-year balance sheet figures)_____