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simplified financial statements for Phone Corporation in 2020: INCOME STATEMENT (Figures in $ millions) Net sales $ 13,193 Cost of goods sold 4,060 Other expenses
simplified financial statements for Phone Corporation in 2020:
INCOME STATEMENT | |
(Figures in $ millions) | |
Net sales | $ 13,193 |
---|---|
Cost of goods sold | 4,060 |
Other expenses | 4,049 |
Depreciation | 2,518 |
Earnings before interest and taxes (EBIT) | $ 2,566 |
Interest expense | 685 |
Income before tax | $ 1,881 |
Taxes (at 21%) | 395 |
Net income | $ 1,486 |
Dividends | $ 1,040 |
BALANCE SHEET | ||
(Figures in $ millions) | ||
End of Year | Start of Year | |
---|---|---|
Assets | ||
Cash and marketable securities | $ 89 | $ 158 |
Receivables | 2,382 | 2,490 |
Inventories | 187 | 238 |
Other current assets | 867 | 932 |
Total current assets | $ 3,525 | $ 3,818 |
Net property, plant, and equipment | 19,973 | 19,915 |
Other long-term assets | 4,216 | 3,770 |
Total assets | $ 27,714 | $ 27,503 |
Liabilities and shareholders equity | ||
Payables | $ 2,564 | $ 3,040 |
Short-term debt | 1,419 | 1,573 |
Other current liabilities | 811 | 787 |
Total current liabilities | $ 4,794 | $ 5,400 |
Long-term debt and leases | 7,018 | 6,833 |
Other long-term liabilities | 6,178 | 6,149 |
Shareholders equity | 9,724 | 9,121 |
Total liabilities and shareholders equity | $ 27,714 | $ 27,503 |
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.
I was able to solve most but I am having trouble with A return on equity, B return on assets, C return on capital, and G operating profit margin
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