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I do not know if the numbers (%) are right Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures

I do not know if the numbers (%) are right

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Here are simplified financial statements for Phone Corporation in a recent year: 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 $ 13,800 4,410 4,182 2,728 $ 2,480 720 $ 1,760 616 $ 1,144 $ 926 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 96 2,732 222 902 $ 3,952 20,043 4,286 $ 28, 281 $ 165 2,630 273 967 $ 4,035 19,985 3,840 $ 27,860 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 liabilities and shareholders' equity $ 2,634 1,454 846 $ 4,934 5,275 6,248 11,824 $ 28, 281 $ 3, 110 1,608 822 $ 5,540 5,580 6,219 10,521 $ 27,860 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.) 10.24 % 2.04 % 0.95% 22.60 days 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 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) days 17.971%

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