Question
Adobe Inc. had the following financial data for the year ending November 30, 2023: Total Assets: $90 billion Total Liabilities: $40 billion Shareholders' Equity: $50
Adobe Inc. had the following financial data for the year ending November 30, 2023:
- Total Assets: $90 billion
- Total Liabilities: $40 billion
- Shareholders' Equity: $50 billion
a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $10 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $10 billion.
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Financial Reporting And Analysis Using Financial Accounting Information
Authors: Charles H Gibson
12th Edition
1439080607, 978-1439080603
