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Here are simplified financial statements for Phone Corporation in a recent year: BALANCE SHEET (Figures in $ millions) End of Start of Year Year Assets

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Here are simplified financial statements for Phone Corporation in a recent year: BALANCE SHEET (Figures in \$ millions) End of Start of Year Year Assets Net property, plant, and equipment 20,03319,975 Liabilities and shareholders equity Payables $2,624$3,100 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 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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