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1) Total Assets=$ 351 billion Total Liabilities = $287.91 billion Total Shareholders' Equity = $63.09 billion Total interest-bearing debt = $136.52 billion EBIT = $

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1) Total Assets=$ 351 billion Total Liabilities = $287.91 billion Total Shareholders' Equity = $63.09 billion Total interest-bearing debt = $136.52 billion EBIT = $ 111,852,000,000 Interest Expenses = $2,645,000,000 a. Describe the capital structure of each companies using debt ratio and interest - bearing debt ratio. [3 marks] b. What is the debt-to-enterprise value ratios? The current market price is $172 and the number of shares outstanding is 16,426,786,000. [3 marks] c. If you were a bank officer who was analysing whether or not to loan more money to these companies, which of the ratios calculated in part a and b is more relevant to your analysis? Why? [2 marks] d. Calculate and interpret the times interest earned (TIE) ratio. [3 marks]

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