Question
Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & Gamble Company ($ millions). 2009 $135,833 $79,451
Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & Gamble Company ($ millions).
| 2009 | $135,833 | $79,451 | $? | $14,436 |
| 2010 | ? | 70,733 | 61,439 | 13,736 |
| 2011 | 149,354 | ? | 68,001 | 12,797 |
Required a. Compute the missing amounts for assets, liabilities, and equity for each year.
| 2009 | $Answer million |
| 2010 | $Answer million |
| 2011 | $Answer million |
b. Compute return on equity for 2010 and 2011. (Round your answer to one decimal place.)
| 2010 | Answer % |
| 2011 | Answer % |
c. Compute the debt-to-equity ratio for 2010 and 2011. (Round your answer to one decimal place.)
| 2010 | Answer |
| 2011 | Answer |
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Payroll Accounting 2018
Authors: Jeanette Landin, Paulette Schirmer
4th edition
1260005127, 1259742514, 1260005165, 126000516X, 978-1259742514
