Pear Corporation is a hypothetical company with financial results similar to Apple, Incorporated. Pear has been entering
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Pear Corporation is a hypothetical company with financial results similar to Apple, Incorporated. Pear has been entering into a variety of financing transactions over the past few years, the results of which can be seen in stacked line graphs:
Pear Inc.s Debt vs Equity in billions of dollars
$
$
$
$
$
Pear Inc.s Debt vs Equity as a percentage of total assets
Year:
Two years ago
Total Liabilities Percentage:
$
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Required:
According to the stacked line graph indicating dollar amounts in billions in which year did Pear report the largest dollar amount of total liabilities? How many billions of total liabilities were reported that year? In which year did Pear report the largest dollar amount of total stockholders' equity? How many billions of total stockholders' equity were reported that year?
According to the bar graph indicating percentages, what percentage of assets were financed by stockholders' equity three years ago? What percentage of assets were financed by stockholders' equity this year?
Related Book For
Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
Posted Date: