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Homework: Measuring Corporate Performance Assignment 0 Saved Here are simplified nancial statements for Phone Corporation in a recent year: INCOHE STATEMENT 25 (Figures in $ millions) Net sales 5 13,300 points Cost of goods sold 4,160 _ Other expenses 4,087 Slapped Depreciation 2, 578 Earnings before interest and taxes (EBITJ 5 2,475 Interest expense 695 Income before tax 5 1,780 El Taxes (at 38%] 534 eBook Net income 5 1,246 Dividends 5 375 | Prim BALANCE SHEET (Figures in $ millions) End of Start of Year Year Assets Cash and marketable securities $ 91 5 160 Receivables 2, 482 2, 530 Inventories 197I 248 Other current assets 377 942 Total current assets $ 3,647I 5 3,380 Net property, plant, and equipment 19,993 19,935 Other longterm assets 4,236 3,790 Total assets 5 27,376 5 27,605 Liabilities and shareholders' equity Payables 5 2,584 5 3,060 Shortterm debt 1,429 1,583 Other current liabilities 321 797I Total current liabilities 5 4,334 5 5,440 Longterm debt and leases 6,520 6,475 Other longterm liabilities 6,198 6,169 Shareholders' equity 18,324 9,521 Total liabilities and shareholders' equity 5 27,376 5 27,605 Calculate the following nancial ratios for Phone Corporation: {Use 365 days in a year. Do not round intermediate calculations. Round your nal answers to 2 decimal places.) Homework: Measuring Corporate Performance Assignment i Saved 4 LIVEILVI LEE 240 Other current assets 877 942 Total current assets $ 3, 647 $ 3,880 Net property, plant, and equipment 19,993 19,935 Other long-term assets 4,236 3,790 Total assets $ 27,876 $ 27,605 2.5 Liabilities and shareholders' equity points Payables $ 2,584 3,060 Short-term debt 1, 429 1, 583 Skipped Other current liabilities 821 797 Total current liabilities $ 4,834 5,440 Long-term debt and leases 6,520 6,475 Other long-term liabilities 6, 198 6,169 Shareholders' equity 10,324 9, 521 Book Total liabilities and shareholders' equity $ 27, 876 $ 27, 605 Print 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) % C. Return on capital (use average balance sheet figures) d. Days in inventory (use start-of-year balance sheet figures) days e. Inventory turnover (use start-of-year balance sheet figures f. Average collection period (use start-of-year balance sheet figures) days 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)
