Key comparative figures for Apple and Google follow $ millions Apple Google Current Year Prior Year Current Year Prior Year Total liabilities $ 248,028 $ 258,578 $ 74,467 $ 55,164 Total assets 338,516 365,725 275,909 232,792 Required 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

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Question: Key comparative figures for Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior Year Total liabilities $ 248,028 $

Key comparative figures for Apple and Google follow.

$ millions	Apple	Google
Current Year	Prior Year	Current Year	Prior Year
Total liabilities	$ 248,028	$ 258,578	$ 74,467	$ 55,164
Total assets	338,516	365,725	275,909	232,792

Required: 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?

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