Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in s millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 30%) Net income Dividends $ 12,500 3,710 4,112 2,308 $ 2,370 650 $ 1,720 516 1,204 $ 806 BALANCE SHEET (Figures in millions) End of Year Start of Year Assets 82 151 2,350 203 897 $ 3,098 3,601 19,845 3,700 $ 27,147 27,146 Cash andmarketable securities Receivables Inventories Other current assets 2,032 152 832 Total current assets Net property, plant, and equipment other long-term assets 19,903 4,146 Total assets Liabilities and shareholders' equity $ 2,494 2,970 1,538 752 $ 4,654 $5,260 8,086 6,079 7,721 $ 27,147 $ 27,146 Payables Short-term debt Other current liabilities 1,384 776 Total cur Long-term debt and leases Other long-term liabilities Shareholders' equity rent liabilities 8,761 6,108 7,624 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 I. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) days days