Question
Compute ROE Selected balance sheet and income statement information for Facebook Inc. follows. Compute the return on equity for the year ended December 31, 2018.
Compute ROE
Selected balance sheet and income statement information for Facebook Inc. follows.
Compute the return on equity for the year ended December 31, 2018.
$ millions Dec. 31, 2018 Dec. 31, 2017
Total assets $97,334 $84,524
Total liabilities 13,207 10,177
Revenue 55,838
Net Income 22,112
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Accounting Principles Part 3
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition Volume 1
1118306805, 978-1118306802
