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Here are simplified finsncisl statements for Phone Corporstion in 2 0 2 0 : INCDME STATEMENT ( Figures in $ millions ) Net sales Cost

Here are simplified finsncisl statements for Phone Corporstion in 2020:
INCDME STATEMENT
(Figures in $ millions)
Net sales
Cost of goods sold
Other expenses
Depreciation
Earnings before interest and taxes (EBIT)
Interest expense
Incone before tax
Taxes (at 21%)
Net incone
Dividends
BALANCE SHEET
(Figures in $ rillions)
End of Year start of Year
Assets
Cash and rarketable securities
Receivables
Inventories
Other current assets
Total current assets
Net property, plant, and equipment
Other long-tern assets
Total assets
Liabilities and shareholders' equity
Payables
Shart-tern debt
other current liabilities
Total current liabilities
Long-term dabt and lesses
other long-tern liabilities
Shareholders' equity
Total liabilities and sharcholders' equity
Colculate the following financial ratios for Phone Corporation:
Note: Use 365 days in a year. Do not round Intermedlate calculations. Round your final answers to 2 decimal places.
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