Please review and answer the following question.

70205A 70252F/6252Fims.mheducation.com N: The Worldwi... O Shalimar Weather -... G Google https://searchsafe.n. New Tab Bookmarks Homework: Measuring Corporate Performance Assignment i Saved 4 Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT 2.5 (Figures in $ millions) points Net sales $ 12, 400 Cost of goods sold 3 , 660 Skipped Other expenses 4, 137 Depreciation 2 , 278 Earnings before interest and taxes (EBIT) $ 2 , 325 Interest expense 645 eBook Income before tax $ 1 , 680 Taxes (at 30%) 504 Print Net income $ 1, 176 Dividends 796 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities 81 $ 150 Receivables 1, 982 2, 330 Inventories 147 198 Other current assets 827 892 Total current assets $ 3, 037 $ 3, 570 Net property, plant, and equipment 19, 893 19, 835 Other long-term assets 4, 136 3, 690 Total assets $ 27, 066 27, 095 Liabilities and shareholders' equity Payables 2, 484 2,960 Short -term debt 1, 379 1, 533 Other current liabilities 771 747 Mc Graw HillHomework: Measuring Corporate Performance Assignment i Saved 4 Short -term debt 1, 379 Other current liabilities 1 , 53 3 771 Total current liabilities 747 $ 4 , 634 $ Long-term debt and leases 5 , 240 9 , 010 Other long-term liabilities 8 , 265 6 , 098 6 , 069 25 Shareholders' equity 7 , 324 7, 521 points Total liabilities and shareholders' equity $ 27 , 066 $ 27 , 095 Skipped Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate ca Round your final answers to 2 decimal places.) eBook Print a. Return on equity (use average balance sheet figures) % b . Return on assets (use average balance sheet figures) 1% c. Return on capital (use average balance sheet figures) 1% 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) Mc Graw Hill O 9 Type here to search