Question
Caterpillar Inc. disclosed the following financial data for the year ending December 31, 2023: Total Assets: $100 billion Total Liabilities: $50 billion Shareholders' Equity: $50
Caterpillar Inc. disclosed the following financial data for the year ending December 31, 2023:
- Total Assets: $100 billion
- Total Liabilities: $50 billion
- Shareholders' Equity: $50 billion
a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $8 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $8 billion.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
4th edition
1259578542, 978-1259578540
