Key comparative figures for Apple and Google follow. 1. What is the debt ratio for Apple in
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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 $milillons Total Ilablitles. Total assets $171,124 $120,292 27,130 25,327 290,479 231,839 147,461 129,187
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1 Apple millions Current year debt ratio 171124 290479 589 Prior y...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
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