Facebook, Inc. reported the following amounts in its 2017 and 2016 financial statements. REQUIRED: a. Prepare income

Question:

Facebook, Inc. reported the following amounts in its 2017 and 2016 financial statements.

REQUIRED:

a. Prepare income statements for Facebook for 2017 and 2016. Use the format illustrated in Exhibit 1.8.

b. Compute Facebook's return on equity ratio for 2017 and 2016. Facebook's stockholders' equity at the end of 2015 was $4,899 million.

c. Compute Facebook's debt-to-equity ratio for 2017 and 2016.

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 15, 2021 01:54 AM

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Facebook, Inc. reported the following amounts in its 2017 and 2016 financial statements. REQUIRED: a. Prepare income

Question:

(S millions) Dec. 31, 2017 Dec. 31, 2016 Total assets Total liabilities. Retained earnings $84,524 $64,961 10,177 33,990 5,767 21,670 Revenue..... 40.653 27,638 Operating expenses... Other expenses, including income taxes. 20,450 15,211 4,269 2,210

Step by Step Answer:

a b Stockholders equity 2017 84524 mil 10177 mil 7434...View the full answer

Financial Accounting

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