What is the most pythonic way to apply a function on and return multiple columns?

While using Pandas, I often encounter a case where there is an existing function which takes in multiple arguments and returns multiple values:

def foo(val_a, val_b):
    """
    Some example function that takes in and returns multiple values.
    Can be a lot more complex.
    """
    sm = val_a + val_b
    sb = val_a - val_b
    mt = val_a * val_b
    dv = val_a / val_b
    return sm, sb, mt, dv

Suppose I have a dataframe:

import pandas as pd
df = pd.DataFrame([[1, 2], [3, 4], [5, 6], [7, 8]])
df
Out[6]: 
   0  1
0  1  2
1  3  4
2  5  6
3  7  8

What I want is to apply foo on df with column 0 and 1 as arguments, and put the results into new columns of df, without modifying foo, like this:

df_out
Out[7]:
   0  1  su  sb  mt  dv
0  1  2  3   -1  2   0.5
1  3  4  7   -1  12  0.75
2  5  6  11  -1  30  0.833
3  7  8  15  -1  56  0.875

What is the most pythonic way to achieve this?