Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales $13,193 4,06e 4,049 2,518 2,566 Cost of goods sold other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense 685 Income before tax Taxes (at 35%) $ 1,881 658 $ 1,223 Net income Dividends 856 BALANCE SHEET (Figures in $ millions) End of start of Year Year Assets Cash and marketable securities 89 158 Receivables Inventories other current assets 2,382 2,490 187 238 867 932 $ 3,525 Total current assets 3,818 19,915 3,77e 27,503 Net property, plant, and equipment other long-term assets 19,973 4,216 Total assets 27,714 Liabilities and shareholders' equity Payables Short-term debt 2,564 1,419 3,040 1,573 other current liabilities 811 787 5,400 6,833 6,149 9,121 27,503 Total current liabilities 4,794 7,e18 6,178 9,724 Long-term debt and leases other long-term liabilities Shareholders' equity Total liabilities and shareholders' equity 27,714 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) 96 96 Return on capital (use average balance sheet figures) 96 C. 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) days days g Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) 96 Total debt ratio (use end-of-year balance sheet figures) Times interest earned j k. Cash coverage ratio Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures)