Here are simplified financial statements of Phone Corporation from a recent year:

INCOME STATEMENT (Figures in millions of dollars)
Net sales	12,700
Cost of goods sold	3,810
Other expenses	4,112
Depreciation	2,368
Earnings before interest and taxes (EBIT)	2,410
Interest expense	660
Income before tax	1,750
Taxes (at 30%)	525
Net income	1,225
Dividends	826

BALANCE SHEET (Figures in millions of dollars)

End of Year

Start of Year

Assets

Cash and marketable securities

84

153

Receivables

2,132

2,390

Inventories

162

213

Other current assets

842

907

Total current assets

3,220

3,663

Net property, plant, and equipment

19,923

19,865

Other long-term assets

4,166

3,720

Total assets

27,309

27,248

Liabilities and shareholders equity

Payables

2,514

2,990

Short-term debt

1,394

1,548

Other current liabilities

786

762

Total current liabilities

4,694

5,300

Long-term debt and leases

8,263

7,728

Other long-term liabilities

6,128

6,099

Shareholders equity

8,224

8,121

Total liabilities and shareholders equity

27,309

27,248

Calculate the following financial ratios: (Use 365 days in a year. Do not round intermediate calculations.Round your answers to 2 decimal places.)

a.	Long-term debt ratio
b.	Total debt ratio
c.	Times interest earned
d.	Cash coverage ratio
e.	Current ratio
f.	Quick ratio
g.	Operating profit margin		%
h.	Inventory turnover
i.	Days in inventory		days
j.	Average collection period		days
k.	Return on equity		%
l.	Return on assets		%
m.	Return on capital		%
n.	Asset Turnover