Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial Ratios - Facebook, Inc. Facebook, Inc. has provided the following financial data for the fiscal year ended December 31, 2023: Total Assets: $152,820 million
Financial Ratios - Facebook, Inc.
Facebook, Inc. has provided the following financial data for the fiscal year ended December 31, 2023:
- Total Assets: $152,820 million
- Total Liabilities: $60,930 million
- Net Income: $28,560 million
- Total Revenue: $99,740 million
- Total Expenses: $71,180 million
- Average Shareholders' Equity: $91,400 million
Calculate the following financial ratios for Facebook, Inc.:
a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin
Interpret each ratio and discuss the financial performance of Facebook, Inc. based on these ratios.
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