Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in
Question:
Key comparative figures for Apple and Google follow.
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? What does this imply?
Transcribed Image Text:
Apple Google Current Year Prior Year Current Year Prior Year (in millions) Total liabilities83,4 57,854 23,61 $22,083 110,920 93,798 Total assets ..207,000 176,064
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1 Apple millions Current year debt ratio 83451207000 403 Prior year deb...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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