Here are simplified financial statements for Phone Corporation in a recent year:

INCOME STATEMENT
(Figures in $ millions)
Net sales	$	12,200
Cost of goods sold		3,560
Other expenses		4,037
Depreciation		2,218
Earnings before interest and taxes (EBIT)	$	2,385
Interest expense		635
Income before tax	$	1,750
Taxes (at 30%)		525
Net income	$	1,225
Dividends	$	746

BALANCE SHEET
(Figures in $ millions)
	End of Year		Start of Year
Assets
Cash and marketable securities	$	79			$	148
Receivables		1,882				2,290
Inventories		137				188
Other current assets		817				882
Total current assets	$	2,915			$	3,508
Net property, plant, and equipment		19,873				19,815
Other long-term assets		4,116				3,670
Total assets	$	26,904			$	26,993
Liabilities and shareholders' equity
Payables	$	2,464			$	2,940
Short-term debt		1,369				1,523
Other current liabilities		761				737
Total current liabilities	$	4,594			$	5,200
Long-term debt and leases		9,508				8,623
Other long-term liabilities		6,078				6,049
Shareholders' equity		6,724				7,121
Total liabilities and shareholders' equity	$	26,904			$	26,993

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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