The following table gives abbreviated balance sheets and income statements for Starbucks. Balance Sheet End of Year Start of Year Assets Current assets: Cash and marketable securities 1,924 3,242 Accounts receivable 1,028 847 Inventories 1,099 1,119 Other current assets 293 296 Total current assets 4,344 5,504 Fixed assets: Net fixed assets 3,535 3,225 Other long-term assets 3,072 2,853 Total assets 10,951 11,582 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 2,252 1,948 Other current liabilities 811 3,422 Total current liabilities 3,063 5,370 Long-term debt 2,056 1,307 Other long-term liabilities 402 368 Total liabilities 5,521 7,045 Total shareholders' equity 5,430 4,537 Total liabilities and shareholders’ equity 10,951 11,582 Income Statement Net sales 16,456 Cost of goods sold 6,867 Selling, general, and administrative expenses 5,663 Depreciation 718 Earnings before interest and taxes (EBIT) 3,208 Interest expense 72 Taxable income 3,136 Tax 1,100 Net income 2,036 Dividends 791 Addition to retained earnings 1,245 (figures in $ millions) Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year: a. Calculate the return on assets. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Return on assets_____ % b. Calculate the operating profit margin. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Operating profit margin_______ % c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.) Sales-to-assets ratio_____ d. Calculate the inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover______ e. Calculate the debt-equity ratio. (Round your answer to 2 decimal places.) Debt-equity ratio______ f. Calculate the current ratio. (Round your answer to 3 decimal places.) Current ratio_____ g. Calculate the quick ratio______. (Round your answer to 4 decimal places.) Quick ratio ReferenceseBook & Resources.