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What are the correct answers ans how do i solve for these? Here are simplified financial sta ements for Phone Corporation in 2020: INCOME STATEMENT
What are the correct answers ans how do i solve for these?
Here are simplified financial sta ements for Phone Corporation in 2020: INCOME STATEMENT $ 13, 193 points Skipped $ 1,040 eBook print References $ 3,818 $ 27,714 $ 2,564 $ 3,040 $ 4,794 $ 5,400 $ 27,714 $ 27,503 ( Figures 'in A$ Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and millions), taxes (EBIT) Interest expense Income before tax Taxes (at 21%) Net income Dividends Assets 4, 049 2 518 2 566 1, 881 395 1 486 BALANCE SHEEt (Figures in $ millions Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other longterm assets Total assets Liabilities and shareholders' equity Payables Shortterm debt Other current liabilities Total current liabilities Longterm debt and leases Other tongterm liabilities Shareholders' equity Total liabilities and shareholders' equity Calculate the following financial ratios for Phone Corporation; ear 89 2,382 187 867 3,525 19, 973 4 216 1,419 811 7 , 018 6,178 9,724 Qa rat yofQYea $ 158 2 490 238 932 19, 915 3 770 $ 27,503 1,573 787 6, 833 6, 149 9 , 121 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. 'Retum 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) 15.77 % 5.38 % 9.29 % 21.38 days 17,06 68.88 days 19.45 %
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