Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in
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Key comparative figures for Apple and Google follow.
1. What is the debt ratio for Apple in the current year and for the prior year?2. What is the debt ratio for Google in the current year and for the prior year?3. Which of the two companies has the higher degree of financial leverage in the current year?
Transcribed Image Text:
Apple Google $ millions Current Year Current Year Prior Year Prior Year $241,272 $ 44,793 197,295 Total liabilities. Total assets. $193,437 $ 28,461 167,497 375,319 321,686
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millions 1 Apple Current year debt ratio 241272375319 643 Prior yea...View the full answer
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Financial and Managerial Accounting
ISBN: 978-1260247855
8th edition
Authors: John J Wild, Ken W. Shaw
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