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Assignment Here are simplified financial statements for Phone Corporation in a recent year INCONE STATEMENT...

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Finance

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Assignment Here are simplified financial statements for Phone Corporation in a recent year INCONE STATEMENT (Figures in 5 millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at sex Net income Dividends $ 13,40 4.210 4,102 $ 2,450 700 $ 1,78e $1,245 386 BALANCE SHEET (Figures in Sillions) End of Year Start of Year $ 92 2,52 202 Assets Cath and worketable securities Receivables aventories Other current sets Total current sts Net property, plant, and Other long-ters assets Total assets Liabilities and shareholders' equity Payables Short-ter det Other concent les Total at liabilities 103 2.550 253 06 3.911 15,945 3. 20,00 4.26 $17.656 $ 2,50 1.6.54 3. 3.58 2 5 5.de $4

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