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Here are simplified financial statements for Phone Corporation in a recent year. INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other

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Here are simplified financial statements for Phone Corporation in a recent year. INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 350) Net Income Dividenda $ 13,193 4,060 4,049 2,518 $ 2,566 685 $ 1,881 658 $ 1,223 856 BALANCE SHEET (Figures in 5 millions) End of YOAT Start of Year Assets Cash and marketable securities Receivables Inventorien Other current assets Total current assets Net property, plant, and equipment Other long-term ets Total as satu Liabilities and shareholders' equity Payables Short-term dobt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 89 2,382 187 867 $ 3,525 19,973 4,216 $ 27,714 $ 158 2,490 238 932 $ 3,818 19,915 3,770 $ 27,503 $ 2,564 1,419 811 $ 4,794 7,018 6,178 9,724 $ 27,714 $ 3,040 1,573 787 $ 5,400 6.833 6,149 9,121 $ 27,503 Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermed Round your final answers to 2 decimal places.) 9. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) Total debt ratio (use end-of-year balance sheet figures) Times interest carried Cash coverage ratio Current ratio fuse end of year balance sheet figures m. Ouick ratio use and otyear ice sheet figures

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