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

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

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.

$\backslash$table$[[\backslash$table$[[$a$.$ Return on equity $($use average balance sheet$],[$figures$)]],,\%$