Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in

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Key comparative figures for Apple and Google follow.

1. What is the debt ratio for Apple in the current year and for the prior year?

2. What is the debt ratio for Google in the current year and for the prior year?

3. Which of the two companies has the higher degree of financial leverage? What does this imply?

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Fundamental Accounting Principles

ISBN: 978-0077862275

22nd edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Apr 23, 2015 02:51 AM

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Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in

Question:

Apple Google Current Year Prior Year Current Year Prior Year (in millions) Total liabilities83,4 57,854 23,61 $22,083 110,920 93,798 Total assets ..207,000 176,064

Step by Step Answer:

1 Apple millions Current year debt ratio 83451207000 403 Prior year deb...View the full answer

Fundamental Accounting Principles

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