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 30%) Net income Dividends $ 12,200 3,560 4,037 2,218 $ 2,385 635 $ 1,750 525 $ 1,225 $ 746 BALANCE SHEET (Figures in $ millions) End of Year Start of Year 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 $ 79 1,882 137 817 $ 2,915 19,873 4,116 $ 26,904 148 2,290 188 882 $ 3,508 19,815 3,670 $ 26,993 $ 2,464 1,369 761 $ 4,594 9,508 6,078 6,724 $ 26,904 $ 2,940 1,523 737 $ 5,200 8,623 6,849 7,121 $ 26,993 Calculate the following financial Tatios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.) 9 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 tumovet (use start of year balance sheet figures) 1. Average collection period (use start of yoor balance sheet figures) 0 Operating profit margin h. Long-term debt ratio (use end-of-year balance shoot figures) L Total debt ratio (use end of year balance sheet figures) 1. 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