Nokia (www.Nokia.com), Research In Motion, and Apple are competitors in the global marketplace. Selected results from these

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Nokia (www.Nokia.com), Research In Motion, and Apple are competitors in the global marketplace. Selected results from these companies follow.

Required
1. Compute Nokia€™s debt-to-equity ratios for the current year and the prior year.
2. Use the data provided and the ratios computed in part 1 to determine which company€™s financing structure is leastrisky.

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Dec 27, 2012 12:41 AM

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Nokia (www.Nokia.com), Research In Motion, and Apple are competitors in the global marketplace. Selected results from these

Question:

Research in Motion (S millions) Current Prior Current Prior Current Prior Nokia (EURm) Apple ($ millions) Key Figures Total assets Total liabilities Year Year Year Year 35.738 39 20.989 23,072 2.602 2.227 15.86 13,874 14,749 6,510 6 584 31640 2,297 0.34 0.38 0.500.62 . .. Debt-to-equity ratio .

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1 Nokias current year debttoequity ratio 20989 EURm 14749 EURm 142 Nokias p...View the full answer

Fundamental Accounting Principles

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