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please i need assistance with this question below.. (its all one question in the assignment quiz). Here are simplified financial statements for Phone Corporation in

please i need assistance with this question below.. (its all one question in the assignment quiz). image text in transcribed
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Here are simplified financial statements for Phone Corporation in a recent year: $13,300 4,160 4,087 2,578 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 $ 2.475 695 $ 1,780 534 $ 1,246 $ 876 BALANCE SHEET (Figures in $ millions) End of Year Assets Cash and marketable securiti 91 Receivables 2,482 Start of Year $ 160 2,530 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.) days 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) 1. Total debt ratio (use end-of-year balance sheet figures) Times interest eamed k. Cash coverage ratio L. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) Prey 5 of 9 Next >

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