Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google

Question:

Key figures for Apple and Google follow.

Required

1. Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year.

2. Use the ratios from part 1 to determine which company’s financing structure is less risky.

3. Is its debt-to-equity ratio more risky or less risky compared to the industry (assumed) average of 0.5 for

(a) Apple and

(b) Google?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

See More Books

Question Posted: Oct 26, 2021 01:54 AM

See More Questions

Key figures for Apple and Google follow. *Apple did not report interest expense for these periods. Amounts included in this table are assumed for purposes of this analysis. Required 1. Compute times...
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...
Key figures for Apple and Google follow ($ millions). Required 1. Compute the ratio of segment revenue divided by segment assets for each of the segments of Apple and Google for the most recent year...
What are the main technical challenges faced by firms that wish to internationalise their selection and assessment approaches?
Find the specific reversible work for a steam turbine with inlet 4 MPa, 500C and an actual exit state of 100 kPa, x = 1.0 with a 25C ambient.
What are the components of the M1 money supply? What is the largest component? Which of the components of M1 is legal tender? Why is the face value of a coin greater than its intrinsic value? What...
Explain the use of operating plans, policies, procedures, and rules. LO.1
Walker Company has 15,000 shares of common stock outstanding during all of 2007. It also has two convertible securities outstanding at the end of 2007. These are: 1. Convertible preferred stock:...
The processing department can produce one unin every minutes and is the last department before the finishing department. Under traditional manufacturing where a bunch equals 10 units how long will it...
The unadjusted trial balance of Midway Inn Company at December 31, 2018, and the data needed for the adjustments follow. Adjustment data at December 31 follow: a. As of December 31, Midway Inn had...
Brussels Enterprises issues bonds at par dated January 1, 2021, that have a $3,400,000 par value, mature in four years, and pay 9% interest semiannually on June 30 and December 31. 1. Record the...
Ellis Company issues 6.5%, five-year bonds dated January 1, 2021, with a $250,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $255,333. The annual market...
Comparison of Variable and Full-Absorption Costing: Analyzing Profit Performance: Eaton's Enterprises released the following figures from its records for Year 1 and Year 2: Required: a. Prepare...
Your task is to check the internet and the?Common Vulnerabilities and Exposures (CVE) List?for networked IoT or?IoMT?devices with publicly known problems identified in the past six months.?? Select...
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2021. For the taxes, assume the second February payroll amounts were duplicated for the March 5 and March...
ABC Boating had a large fire that destroyed many of their boats ready to go to market. ABC decided to lay off a large number of employees rather than continue to pay them. The wages that this group...
HOW BEER IS MADE The beer-making process is an art. It takes time, patience and quite a bit of experimentation to find that perfect flavour. Once you have found the right mix, you can replicate it,...
Justine, an underwriter at NewWorld Insurance is working with her company's premium auditing department. Which one of the following is true regarding this collaboration? Available answer options...
1. If the contract stated that it was governed by the laws of Germany, why did the court apply the law of the CISG? Shared Imaging, an American company, agreed to purchase an MRI machine from...
Describe basic managerial approaches to implementing controls and how these are implemented.
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government...
Both the budget process and budgets themselves can impact management actions, both positively and negatively. For instance, a common practice among not-for-profit organizations and government...
The sales budget is usually the first and most crucial of the component budgets in a master budget because all other budgets usually rely on it for planning purposes. Required Assume that your...
The number of hours studied and the scores that students earned are shown. Creating a scatter chart, which statement is true regarding the relationship between the hours of study and scores earned....
Five samples of 12 each were extracted from a population. Based on the central limit theorem, what is the best estimate of the SD of the population? A B C D E 270 230 290 238 315 303 274 270 246 244...
In a national test, the mean score was 1575 and the standard deviation was 85. What % of the students earned a score between1500 and 1600 if the scores were Normally distributed?

Key figures for Apple and Google follow. Required 1. Compute the debt-to-equity ratios for Apple and Google

Question:

Apple Google $ illions Current Year Prior Year Current Year Prior Year Total assets . Total liabilities ...... Total equity . $338,516 $365,725 $275,909 $232,792 248,028 258,578 74,467 55,164 90,488 107,147 201,442 177,628

Step by Step Answer:

1 Apples current year debttoequity ratio 248028 90488 274 ...View the full answer

Fundamental Accounting Principles

Students also viewed these Business questions