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Problem 4 - 7 Financial Ratios ( LO 3 ) Here are simplified financial statements for Phone Corporation in 2 0 2 0 : BALANCE

Problem 4-7 Financial Ratios (LO3)
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.
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