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Here are simplified financial statements for Phone Corporation in a recent year: INCOME STATEMENT (Figures in $ millions) Net sales $ 13,500 Cost of goods

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

INCOME STATEMENT
(Figures in $ millions)
Net sales $ 13,500
Cost of goods sold 4,260
Other expenses 4,147
Depreciation 2,638
Earnings before interest and taxes (EBIT) $ 2,455
Interest expense 705
Income before tax $ 1,750
Taxes (at 30%) 525
Net income $ 1,225
Dividends $ 896

BALANCE SHEET
(Figures in $ millions)
End of Year Start of Year
Assets
Cash and marketable securities $ 93 $ 162
Receivables 2,582 2,570
Inventories 207 258
Other current assets 887 952
Total current assets $ 3,769 $ 3,942
Net property, plant, and equipment 20,013 19,955
Other long-term assets 4,256 3,810
Total assets $ 28,038 $ 27,707
Liabilities and shareholders equity
Payables $ 2,604 $ 3,080
Short-term debt 1,439 1,593
Other current liabilities 831 807
Total current liabilities $ 4,874 $ 5,480
Long-term debt and leases 6,022 6,117
Other long-term liabilities 6,218 6,189
Shareholders equity 10,924 9,921
Total liabilities and shareholders equity $ 28,038 $ 27,707

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.)

answer for c, g, h,i, m

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