Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of 2017, Alphabet, Inc., reported stockholders equity of $152,502 million and total assets of $197,295 million. Its balance in stockholders equity at

At the end of 2017, Alphabet, Inc., reported stockholders equity of $152,502 million and total assets of $197,295 million. Its balance in stockholders equity at the end of 2016 was $139,036 million. Net income in 2017 was $12,662 million. a. Calculate Alphabet, Inc., return on equity ratio for 2017. (Round your answer to one decimal place.)

b. Calculate its debt-to-equity ratio as of December 31, 2017. (Hint: Apply the accounting equation to determine total liabilities.) Round your answer to one decimal place.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An Introduction To Concepts Methods And Uses

Authors: Clyde P. Stickney, Roman L. Weil

12th Edition

0324381980, 978-0324381986

More Books

Students also viewed these Accounting questions