Problem $4-7$ Financial Ratios $($LO$3)$

Here are simplified financial statements for Phone Corporation in $2020$:

BALANCE SHEET

$($Figures in $ millions$)$

Assets

Cash and marketable securities

Receivables

End of Year Start of Year

Calculate the following financial ratios for Phone Corporation:

Note: Use $365$ days in a year. Do not round intermediate calculations. Round your final answers to $2$ decimal places.