Key figures for Research In Motion and Apple follow. Required 1. Compute the debt-to-equity ratios for Research
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Required
1. Compute the debt-to-equity ratios for Research In Motion and Apple for both the current year and the prior year.
2. Use the ratios you computed in part 1 to determine which companys financing structure is least risky. Assume an industry average of 0.64 fordebt-to-equity.
Transcribed Image Text:
Research In Motion Apple Prior Year Current Current Year Prior Year ($ millions) Year $8,10 $47,50 $36,17 Total assets$10.204 2.602 7603 2,227 5.874 Total liabilities 15,861 31.640 13.874 22297 Total equity .
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1 RIMs current year debttoequity ratio 2602 7603 034 RIMs prior year debttoequity ratio 2227 5874 0...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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