Question: What is the correct answer for part B? Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter

 What is the correct answer for part B? Applying the Accounting

What is the correct answer for part B?

Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & Gamble Company ($ millions). Year Assets Liabilities Equity Net Income 2011 $135,833 $90,451 $? $14,436 2012 ? 80,733 61,439 13,736 2013 149,354 ? 58,001 12,797 Required a. Compute the missing amounts for assets, liabilities, and equity for each year. 2011 $ 45,382 2012 $ 142,172 2013 $ 91,353 b. Compute return on equity for 2012 and 2013. (Round your answer to one decimal place.) 2012 22.49 * 2013 22.1 % * C. Compute the debt-to-equity ratio for 2012 and 2013. (Round your answer to one decimal place.) 2012 1.3 1.6 2013 Check

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