The following table contains financial statement information for The Procter & Gamble Company ($ millions) for the
Question:
The following table contains financial statement information for The Procter & Gamble Company ($ millions) for the fiscal years ended in June of each year:
REQUIRED
a. Compute the missing amounts for assets, liabilities, and equity for each year.
b. Compute return on equity for 2017 and 2018. Let's assume that the median ROE for Fortune 500 companies is about 15%. How does P&G compare with this median?
c. Compute the debt-to-equity ratio for 2017 and 2018. Let's assume that the median debt-to equity ratio for the Fortune 500 companies is 1.8. How does P&G compare to this median?
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a b 2017 ROE 15326 57983541782 273 2018 ROE 9750 51326541782 185 PGs ROE decreased in 2018 howev...View the full answer
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Related Book For 
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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