Question
Compare the debt ratios of Johnson & Johnson and Pfizer Inc. using the following financial data: Item Johnson & Johnson Pfizer Inc. Total Liabilities $30,000,000
Compare the debt ratios of Johnson & Johnson and Pfizer Inc. using the following financial data:
Item | Johnson & Johnson | Pfizer Inc. |
Total Liabilities | $30,000,000 | $25,000,000 |
Total Assets | $50,000,000 | $40,000,000 |
Question:
Which company has a higher debt ratio? Calculate the debt ratio for each company and compare.
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
