Question: table [ [ a . Return on equity ( use average balance sheet figures ) , 1 3 . 5 9 , % ]
tablea Return on equity use average balance sheet figuresb Return on assets use average balance sheet figuresc Return on capital use average balance sheet figuresdaysd Days in inventory use startofyear balance sheet figurese Inventory turnover use startofyear balance sheet figuresdaysf Average collection period use startofyear balance sheet figuresg Operating profit margin,,h Longterm debt ratio use endofyear balance sheet figuresi Total debt ratio use endofyear balance sheet figuresj Times interest earned,k Cash coverage ratio,,I Current ratio use endofyear balance sheet figuresm Quick ratio use endofyear balance sheet figures Here are simplified financial statements for Phone Corporation in :
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
Net income $
Dividends $
BALANCE SHEET
Figures in $ millions
End of Year Start of Year
Assets
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 longterm liabilities
Shareholders equity
Total liabilities and shareholders equity $ $
Calculate the following financial ratios for Phone Corporation:
Note: Use days in a year. Do not round intermediate calculations. Round your final answers to decimal places.
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