Calculate and interpret the following ratios for Procter & Gamble based on the provided financial data for
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Question:
Calculate and interpret the following ratios for Procter & Gamble based on the provided financial data for the year ended December 31, 2023.
Item | Amount ($) |
Current Assets | 400,000 |
Inventory | 120,000 |
Current Liabilities | 200,000 |
Total Assets | 1,200,000 |
Total Liabilities | 500,000 |
Net Income | 220,000 |
Shareholders' Equity | 700,000 |
Question:
Using the given data, calculate the Current Ratio, Quick Ratio, Debt-to-Equity Ratio, Return on Assets (ROA), and Return on Equity (ROE) for Procter & Gamble for the year ended December 31, 2023. Provide an interpretation for each ratio.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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