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Here are simplified financial statements of phone corporation from a recent year: Income Statement (millions of dollars) Net sales 13,223 Cost of goods sold 4,030

Here are simplified financial statements of phone corporation from a recent year:

Income Statement (millions of dollars)
Net sales 13,223
Cost of goods sold 4,030
Other expenses 4,079
Depreciation 2,488
Earnings before interest and taxes (EBIT) 2,626
Interest expenses 715
Income before tax 1,911
Taxes 540
Net income 1,371
Dividends 841

Statement of Financial Position (millions of dollars)
End of Year Start of Year
Assets:
Cash and marketable securities 104 173
Receivables 2,352 2,460
Inventories 202 253
Other current assets 852 917
Total current assets 3,510 3,803
Net property, plant, and equipment 19,943 19,885
Other long-term assets 4,231 3,785
Total assets 27,684 27,473
Liabilities and shareholders' equity:
Payables 2,579 3,055
Short-term debt 1,404 1,558
Other current liabilities 826 802
Total current liabilities 4,809 5,415
Long-term debt and leases 7,078 6,803
Other long-term liabilities 6,193 6,164
Shareholders' equity 9,604 9,091
Total liabilities and shareholders' equity 27,684 27,473

Calculate the following financial ratios. Assume 365 days in the year. In case either the value of the asset at the start of the year or at the end of the year may be used to calculate a ratio, use the year-end value in your calculations.(Do not round intermediate calculations. Round your final answers to 2 decimal places.)

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