Compute the debt-to-equity ratio for each company as of December 31, 2020. Which company relies more on
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Compute the debt-to-equity ratio for each company as of December 31, 2020. Which company relies more on creditor financing?
($ Millions) | Coffee | Tea |
Total liabilities, 2020 | $66,012 | $ 79,366 |
Total current liabilities, 2020 | $14,601 | $ 23,372 |
Total liabilities, 2019 | $65,283 | $ 63,679 |
Total current liabilities, 2019 | $26,973 | $ 20,461 |
Total assets, 2020 | $87,296 | $ 92,918 |
Total current assets, 2020 | $19,240 | $ 23,001 |
Total assets, 2019 | $86,381 | $ 78,547 |
Total current assets, 2019 | $20,411 | $ 17,645 |
Revenue, 2020 | $33,014 | $ 70,372 |
Net income, 2020 | $7,747 | $ 7,120 |
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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