The following table gives abbreviated balance sheets and income statements for Estee Lauder Companies. Assume a corporate tax rate of 32.38%.

($ in millions)

End of Year State of Year

Balance Sheet

Assets

Current Assets:

Cash and marketable securities $1,303 $1,126

Accounts receivable 996 751

Inventories 1,001 832

Other current assets 497 433

Total Current Assets $3,797 $3,142

Fixed Assets:

Tangible fixed assets

Property, plant, and equipment 2,867 2,530

Less accumulated depreciation 1,714 1,496

Net fixed assets 1,153 1,034

Other long-term assets 1,449 1,196

Total assets $6,399 $5,372

Liabilities and Shareholders' Equity

Current liabilities:

Debt due for repayment $143 $28

Accounts payable 1,810 1,554

Total current liabilities 1,953 1,582

Long-term debt 1,085 1,210

Other long-term liabilities 626 615

Total liabilities 3,664 3,407

Total Shareholders' equity 2,735 1,965

Total liabilities and sharholders, equity $6,399 $5,372

Income Statement

Net Sales $8,815

Cost of goods sold 1,942

Selling, general, and administrative expenses 5,491

Depreciation 303

Earnings before interest and taxes(EBIT) 1,079

Interest expense 69

Taxable income 1,010

Tax 327

Net Income $683

Dividends 153

Addition to retained earnings 530

a.) Calculate the return on assets.

b.) Calculate the operating profit margin.

c.) Calculate the sales-to-assets ratio.

d.) Calculate the inventory turnover.

e.) Calculate the debit-equity ratio.

f.) Calculate the current ratio.

g.) Calculate the quick ratio.