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g. Operating profit margin h. Long-term debt ratio (use end-of-year balance sheet figures) Total debt ratio (use end-of-year balance sheet figures) Times interest earned k. Cash coverage ratio Current ratio (use end-of-year balance sheet figures) m. Quick ratio (use end-of-year balance sheet figures) II. Tur Here are simplified financial statements for Phone Corporation in a recent year: 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 35%) Net income Dividends $ 12,900 3,910 4,132 2,428 $ 2,430 670 $ 1,760 616 $ 1,144 $ 846 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 86 2,232 172 852 $ 3,342 19,943 4,186 $ 27,471 $ 155 2,430 223 917 $ 3,725 19,885 3,740 $ 27,350 Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets 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 Shareholders' equity Total liabilities and shareholders' equity $ 2,534 1,404 796 $ 4,734 7,765 6,148 8,824 $ 27,471 $ 3,010 1,558 772 $ 5,340 7,370 6,119 8,521 $ 27,350 Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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