Here are simplified financial statements for Phone Corporation in a recent years 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 35%) Net income Dividends $ 13,700 4,360 4,847 2,698 $ 2,595 715 $ 1,880 658 $ 1,222 $ 916 nes BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders equity Total abilities and shareholders' equity $ 95 2,682 217 897 $ 3,891 20,033 4,276 $ 28,200 $ 164 2,610 268 962 $ 4,084 19,975 3,830 $ 27,809 52,624 841 54,914 5.524 6, 238 11.524 $ 28,200 $ 3,100 1,603 817 $ 5,520 5,759 5,200 10.323 5 27,309 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.) $ 95 days Roturn 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 your balance sheet ligures) 1. Inventory turnover (use start of year balance sheet figures) 1. Average collection period (use start of your blince sheet guras) 9. Operating profit margin h. Longterm dettato (use end-of-year balance sheet figures) Total de ratione end of your balance sheet figures) Timas interest samed k Cash coverage 1. Current lot of rear bobince sheets muid-of-year balance sheets) day S