Question: Applying the Accounting Equation and Computing Return on Equity and Debt - to - Equity Ratio Assume at the end of the current year, Daimler

Applying the Accounting Equation and Computing Return on Equity and Debt-to-Equity Ratio
Assume at the end of the current year, Daimler AG, reported stockholders' equity of 48,863 million and total assets of 179,518 million. Its stockholders' equity at the end of the prior year was 44,830 million. Net income in the current year was 11,930 million.
a. Calculate Daimler's return on equity ratio for the current year.
Note: Enter answer as a percent. Round answer to one decimal place.
b. Calculate Daimler's debt-to-equity ratio as of December 31 of the current year.
Note: Enter answer in decimal form. Round answer to one decimal place.

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