Here are simplified financial statements for Phone Corporation in 2020: INCOME STATEMENT (Figures in $ millions)...

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Here are simplified financial statements for Phone Corporation in 2020: 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 21%) Net income Dividends Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets BALANCE SHEET (Figures in 5 millions) Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities $ 14,000 4,510 4,212 2,788 $ 2,490 730 Shareholders' equity Total liabilities and shareholders' equity $ 1,760 370 $ 1,390 $946 End of Year $98 2,832 232 912 $ 4,074 20,063 4,306 $ 28,443 $ 2,654 1,464 856 $ 4,974 4,777 6,268 12,424 $ 28,443 Start of Year $ 167 2,670 283 977 $ 4,097 20,005 3,860 $ 27,962 $ 3,130 1,618 832 $ 5,580 5,222 6,239 10,921 $ 27,962 Prev ULIer Current Ladies Total current liabilities. Long-term debt and leases Other long-term liabilities Shareholders' equity. Total liabilities and shareholders' equity Answer is not complete. 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) GJU $4,974 4,777 6,268 12,424 $ 28,443 Calculate the following financial ratios for Phone Corporation: Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 deci 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 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) UJL $ 5,580 5,222 6,239 10,921 $ 27,962 % % % days days % Here are simplified financial statements for Phone Corporation in 2020: 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 21%) Net income Dividends Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets BALANCE SHEET (Figures in 5 millions) Total assets Liabilities and shareholders' equity Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities $ 14,000 4,510 4,212 2,788 $ 2,490 730 Shareholders' equity Total liabilities and shareholders' equity $ 1,760 370 $ 1,390 $946 End of Year $98 2,832 232 912 $ 4,074 20,063 4,306 $ 28,443 $ 2,654 1,464 856 $ 4,974 4,777 6,268 12,424 $ 28,443 Start of Year $ 167 2,670 283 977 $ 4,097 20,005 3,860 $ 27,962 $ 3,130 1,618 832 $ 5,580 5,222 6,239 10,921 $ 27,962 Prev ULIer Current Ladies Total current liabilities. Long-term debt and leases Other long-term liabilities Shareholders' equity. Total liabilities and shareholders' equity Answer is not complete. 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) GJU $4,974 4,777 6,268 12,424 $ 28,443 Calculate the following financial ratios for Phone Corporation: Note: Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 deci 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 1. Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) UJL $ 5,580 5,222 6,239 10,921 $ 27,962 % % % days days %

Answer rating: 100% (QA)

a Return on equity b Return on assets c Return on capital d ... View the full answer