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Here are simplified financial statements for Phone Corporation in 2 0 2 0 : INCOME STATEMENT ( Figures in $ millions ) Net sales $
Here are simplified financial statements for Phone Corporation in :
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
Net income $
Dividends $
BALANCE SHEET
Figures in $ millions
End of Year Start of Year
Assets
Cash and marketable securities $ $
Receivables
Inventories
Other current assets
Total current assets $ $
Net property, plant, and equipment
Other longterm assets
Total assets $ $
Liabilities and shareholders equity
Payables $ $
Shortterm debt
Other current liabilities
Total current liabilities $ $
Longterm debt and leases
Other longterm liabilities
Shareholders equity
Total liabilities and shareholders equity $ $
Calculate the following financial ratios for Phone Corporation:
Note: Use days in a year. Do not round intermediate calculations. Round your final answers to decimal places.
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