Question: FSA 02-02 Comparative Analysis LO A2 Key comparative figures for Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior

FSA 02-02 Comparative Analysis LO A2 Key comparative figures for Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior Year Total liabilities $ 258,578 $ 241,272 $ 55,164 $ 44,793 Total assets 365,725 375,319 232,792 197,295 Required: What is the debt ratio for Apple in the current year and for the prior year? What is the debt ratio for Google in the current year and for the prior year? Which of the two companies has the higher degree of financial leverage in the current year

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