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Financial Services Ltd. Year Revenue ($M) Net Income ($M) Total Assets ($M) Total Liabilities ($M) 2021 600 80 500 220 2022 650 90 550 250
- Financial Services Ltd.
Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
2021 | 600 | 80 | 500 | 220 |
2022 | 650 | 90 | 550 | 250 |
2023 | 700 | 100 | 600 | 280 |
Calculate the debt-to-equity ratio for each year and analyze the trend.
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
2nd edition
978-0133052152
