Here are simplified financial statements of DPG corporation from a recent year:

Income Statement (millions of dollars)

Net sales 13,207

Cost of goods sold 4,046

Other expenses 4,063

Depreciation 2,504

Earnings before interest and taxes (EBIT) 2,594

Interest expenses 699

Income before tax 1,895

Taxes 556

Net income 1,339

Dividends 849

Statement of Financial Position (millions of dollars)

	End of Year	Start of Year Assets:
Cash and marketable securities	96	165
Receivables	2,368	2,476
Inventories	194	245
Other current assets	860	925
Total current assets	3,518	3,811
Net property, plant, and equipment	19,959	19,901
Other long-term assets	4,223	3,777
Total assets	27,700	27,489
Liabilities and shareholders' equity:
Payables	2,571	3,047
Short-term debt	1,412	1,566
Other current liabilities	818	794
Total current liabilities	4,801	5,407
Long-term debt and leases	7,046	6,819
Other long-term liabilities	6,185	6,156
Shareholders' equity	9,668	9,107
Total liabilities and shareholders' equity	27,700	27,489

Compute and interpret the following financial ratios. Assume 365 days in the year and use the year-end value in your calculations where applicable.

a. Total debt ratio

b. Times interest earned

c. Cash coverage ratio

d. Current ratio

e. Operating profit margin

f. Inventory turnover ratio

g. Asset turnover ratio

h. Return on equity

i. Return on assets

j. Dividend Payout ratio