Question
AutoMotive Solutions Ltd. Year Revenue ($M) Net Income ($M) Total Assets ($M) Total Liabilities ($M) 2021 300 35 200 100 2022 330 40 230 110
- AutoMotive Solutions Ltd.
Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
2021 | 300 | 35 | 200 | 100 |
2022 | 330 | 40 | 230 | 110 |
2023 | 360 | 45 | 260 | 120 |
Calculate the debt-to-equity ratio for each year and analyze the trend.
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
