Question
EcoFriendly Products Ltd. Year Revenue ($M) Net Income ($M) Total Assets ($M) Total Liabilities ($M) 2021 50 5 40 20 2022 60 7 45 22
- EcoFriendly Products Ltd.
Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
2021 | 50 | 5 | 40 | 20 |
2022 | 60 | 7 | 45 | 22 |
2023 | 70 | 9 | 50 | 25 |
Calculate the debt-to-equity ratio for each year and analyze the trend.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
