Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google
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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 you computed in part 1 to determine which companys financing structure is least risky. Assume an industry average of 0.44 for debt-to-equity.
Transcribed Image Text:
Apple Google Prior Year Prior Curront Year Current Year $ milions Year Total assets .. Total liabilities Total equity $290,479 171,124 119,355 $147,461 27,130 120,331 $231,839 120,292 111,547 $129,187 25,327 103,860
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1 Apples current year debttoequity ratio 171124 119355 143 Apples pr...View the full answer
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Related Book For
Principles of Financial Accounting chapters 1-17
ISBN: 978-1259687747
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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