Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google

Question:

Key figures for Apple and Google follow.

Required

1. Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year.

2. Use the ratios from part 1 to determine which company’s financing structure is less risky.

3. Is its debt-to-equity ratio more risky or less risky compared to the industry (assumed) average of 0.5 for

(a) Apple

(b) Google?

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Financial Accounting Information For Decisions

ISBN: 9781260705584

10th Edition

Authors: John J. Wild

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Question Posted: Aug 23, 2021 08:02 AM

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Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google

Question:

Apple Google $ millons Prior Year Prlor Year Current Year Current Year Total assets $365,725 $375,319 $232,792 $197,295 Total liabilities 258,578 241,272 55,164 44,793 Total equity 107,147 134,047 177,628 152,502 .....

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Financial Accounting Information For Decisions

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