Question 1 18 pts Calculating Ratios: Here are simplified financial statements of Phone Corporation from a recent year. Calculate the following financial ratios: 1. Net Working Capital 2. Current ratio 3. Quick ratio 4. Profit margin 5. Asset Turnover 6. Return on assets 7. Return on common stockholders' equity 8. Payout ratio 9. Times interest earned Balance Sheet End of Start of Year Year Assets Cash and marketable securities Receivable Inventories Other current assets Total current assets Net property, plant, and equipment Other long-tern assets Total assets 89 158 2,382 2,490 187 238 867 932 3,525 3,818 19,973 19,915 4,216 3,770 27,714 27,503 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 2,564 3,040 1,419 1,573 811 787 4,794 5,400 7,018 6,833 6,178 6,149 9,724 9,121 27,714 27,503 Income Statement Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes Interest Expenses Income before tax Taxes Net Income Dividends 13,193 4,060 4,049 2,518 2,566 685 1,881 570 1,311 856