$($Figures in $ millions$)$

Net sales $ $13,$Here are simplified financial statements for Phone Corporation in $2020$:

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$\mathrm{.}100$

Cost of goods sold $4,010$

Other expenses $4,042$

Depreciation $2,488$

Earnings before interest and taxes $($EBIT$)$ $ $2,560$

Interest expense $680$

Income before tax $ $1,880$

Taxes $($at $21\%)395$

Net income $ $1,485$

Dividends $ $866$

BALANCE SHEET

$($Figures in $ millions$)$

End of Year Start of Year

Assets

Cash and marketable securities $ $88$ $ $157$

Receivables $2,3322,470$

Inventories $182233$

Other current assets $862927$

Total current assets $ $3,464$ $ $3,787$

Net property, plant, and equipment $19,96319,905$

Other long$-$term assets $4,2063,760$

Total assets $ $27,633$ $ $27,452$

Liabilities and shareholders$$ equity

Payables $ $2,554$ $ $3,030$

Short$-$term debt $1,4141,568$

Other current liabilities $806782$

Total current liabilities $ $4,774$ $ $5,380$

Long$-$term debt and leases $7,2677,012$

Other long$-$term liabilities $6,1686,139$

Shareholders$$ equity $9,4248,921$

Total liabilities and shareholders$$ equity $ $27,633$ $ $27,452$