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Calculate the Current Ratio, Debt-to-Equity Ratio, and Return on Assets (ROA) for Alphabet Inc. (Google) based on the provided financial data for the year ended
- Calculate the Current Ratio, Debt-to-Equity Ratio, and Return on Assets (ROA) for Alphabet Inc. (Google) based on the provided financial data for the year ended December 31, 2023.
- Interpret the ratios.
- Assess the company's financial performance.
Item | Amount ($) |
Current Assets | 4,000,000 |
Current Liabilities | 1,500,000 |
Total Liabilities | 3,000,000 |
Total Assets | 6,000,000 |
Net Income | 2,000,000 |
Shareholders' Equity | 3,000,000 |
Question:
Using the given data, calculate the Current Ratio, Debt-to-Equity Ratio, and Return on Assets (ROA) for Alphabet Inc. (Google) for the year ended December 31, 2023. Interpret the ratios and assess the company's financial performance.Step by Step Solution
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