The following data were taken from the 2018 annual reports of LifeLabs, Incorporated and Destira Corporation....
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The following data were taken from the 2018 annual reports of LifeLabs, Incorporated and Destira Corporation. Both companies are leaders in biotechnology. All dollar amounts are in millions. Total assets Total liabilities Stockholders' equity Net income LifeLabs December 31, 2018 $25,276.8 11,948.2 13,328.6 4,902.8 Destira December 31, 2018 $80,026 48,951 31,075 7,842 Required a. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. b. Which company has the greatest level of financial risk? c. Which company appears to have managed its assets most efficiently? d, which company performed better from the perspective of the owners? The following data were taken from the 2018 annual reports of LifeLabs, Incorporated and Destira Corporation. Both companies are leaders in biotechnology. All dollar amounts are in millions. Total assets Total liabilities Stockholders' equity Net income LifeLabs December 31, 2018 $25,276.8 11,948.2 13,328.6 4,902.8 Destira December 31, 2018 $80,026 48,951 31,075 7,842 Required a. For each company, compute the debt-to-assets ratio, return-on-assets ratio, and return-on-equity ratio. b. Which company has the greatest level of financial risk? c. Which company appears to have managed its assets most efficiently? d, which company performed better from the perspective of the owners?
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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