Refer to the statements for Google in Appendix A. For the year ended December 31, 2015, what was its debt-to-equity ratio? What does this ratio tell us?

Data From Statement Google In Appendix A

Transcribed Image Text:

Google Inc. CONSOLIDATED STATEMENTS OF INCOME (In millions) Year Ended December 31 Revenues Costs and expenses Cost of revenues Research and development Sales and marketing General and administrative Total costs and expenses Income from operations 2013 2014 2015 55,519 66,001 74,989 21.993 25,691 28,164 7,137 9,832 12,282 6,554 8,131 9,047 4,432 5,851 6,136 40.116 49.505 55,629 15,403 16,496 19,360 Other income (expense), net 496 763 291 Income from continuing operations before income taxes 15,899 17,259 19,651 Provision for income taxes 2,739 3,639 3,303 Net income from continuing operations $ 13,160 $ 13,620 $ 16,348 Net income (loss) from discontinued operations (427) 516 0 Net income $ 12,733 $ 14,136 $ 16,348 Less: Adjustment Payment to Class C capital stockholders Net income available to all stockholders 0 0 522 $ 12,733 $ 14,136 15,826