- Here Are Simplified Financial Statements For Phone Corporation In 2020 Income Statement Figures In Millions Net Sal 1 (46.65 KiB) Viewed 34 times
BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities $ 158 $ 89 2,382 Receivables 2,490 Inventories 238 Other current assets 187 867 932 Total current assets $3,525 $3,818 19,973 Net property, plant, and equipment Other long-term assets. 19,915 3,770 4,216 Total assets $ 27,714 $ 27,503 Liabilities and shareholders' equity Payables $ 3,040 $ 2,564 1,419 Short-term debt 1,573 787 Other current liabilities 811 $4,794 $5,400 7,018 6,833 Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity 6,178 6, 149 9,724 9, 121 Total liabilities and shareholders' equity $ 27,714 $ 27,503 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 decimal places. Answer is complete but not entirely correct. 15.77✔ % a. Return on equity (use average balance sheet figures) b. Return on assets (use average balance sheet figures) 6.40 X % c. Return on capital (use average balance sheet figures) 10.20 X % d. Days in inventory (use start-of-year balance sheet figures) 21.40 days e. Inventory turnover (use start-of-year balance sheet figures) 17.06✔ 68.89 days f. Average collection period (use start-of-year balance sheet figures) g. Operating profit margin 12.64 X % h. Long-term debt ratio (use end-of-year balance sheet figures) 0.48 X i. Total debt ratio (use end-of-year balance sheet figures) 0.65✓ j. Times interest earned 3.75✔ k. Cash coverage ratio 7.42✔ I. Current ratio (use end-of-year balance sheet figures) 0.74✓ m. Quick ratio (use end-of-year balance sheet figures) 0.52✓