Here are simplified financial statements for Phone Corporation in $2020$:

INCOME STATEMENT

$($Figures in $ millions$)$

Net sales $ $12,700$

Cost of goods sold $3,810$

Other expenses $4,112$

Depreciation $2,368$

Earnings before interest and taxes $($EBIT$)$ $ $2,410$

Interest expense $660$

Income before tax $ $1,750$

Taxes $($at $21\%)368$

Net income $ $1,382$

Dividends $ $826$

BALANCE SHEET

$($Figures in $ millions$)$

End of Year Start of Year

Assets

Cash and marketable securities $ $84$ $ $153$

Receivables $2,1322,390$

Inventories $162213$

Other current assets $842907$

Total current assets $ $3,220$ $ $3,663$

Net property, plant, and equipment $19,92319,865$

Other long$-$term assets $4,1663,720$

Total assets $ $27,309$ $ $27,248$

Liabilities and shareholders$$ equity

Payables $ $2,514$ $ $2,990$

Short$-$term debt $1,3941,548$

Other current liabilities $786762$

Total current liabilities $ $4,694$ $ $5,300$

Long$-$term debt and leases $8,2637,728$

Other long$-$term liabilities $6,1286,099$

Shareholders$$ equity $8,2248,121$

Total liabilities and shareholders$$ equity $ $27,309$ $ $27,248$

Calculate the following financial ratios for Phone Corporation:Here are simplified financlal statements for Phone Corporation in $2020$:

Calculate the follow$/$ing financlal ratios for Phone Corporation:

Note: Use $365$ days in a year. Do not round Intermedlate calculations. Round your final answers to $2$ decimal places.

Answer is complete but not entirely correct.