Net sales $ $13,700$ million

Cost of goods sold $ $4,360$ million

Other expenses$ $4,047$ million

Depreciation $ $2,698$ million

Earnings before interest and taxes $($EBIT$)$ $ $2,595$ million

Interest expense $ $715$ million

Income before tax $ $1,880$ million

Taxes $($at $21\%)$ $ $395$ million

Net income $ $1,485$ million

Dividends $ $916$ million

End of Year Start of Year

Assets

Cash and marketable securities $ $95$ $ $164$

Receivables $2,6822,610$

Inventories $217268$

Other current assets $897962$

Total current assets $ $3,891$ $ $4,004$

Net property, plant, and equipment $20,03319,975$

Other long$-$term assets $4,2763,830$

Total assets $ $28,200$ $ $27,809$

Liabilities and shareholders$$ equity

Payables $ $2,624$ $ $3,100$

Short$-$term debt $1,4491,603$

Other current liabilities $841817$

Total current liabilities $ $4,914$ $ $5,520$

Long$-$term debt and leases $5,5245,759$

Other long$-$term liabilities $6,2386,209$

Shareholders$$ equity $11,52410,321$

Total liabilities and shareholders$$ equity $ $28,200$ $ $27,809$

Calculate the following financial ratios for Phone Corporation:

Note: 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$)$

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

l$.$ Current ratio $($use end$-$of$-$year balance sheet figures$)$

m$.$ Quick ratio $($use end$-$of$-$year balance sheet figures$)$