Question
Following are selected income statement and balance sheet data [US$ millions] for companies in different industries. Which company has financed itself with the highest percentage
Following are selected income statement and balance sheet data [US$ millions] for companies in different industries. Which company has financed itself with the highest percentage of liabilities to equity? Harley Davidson: Sales=5,342 GrossProfit=2,040 NetIncome=960 Assets=5,255 Liabilities=2,171 Equity=3,084 Nike: Sales=13,740 GrossProfit=6,116 NetIncome=1,212 Assets=8,794 Liabilities=3,149 Equity=5,645 Starbucks: Sales=6,369 GrossProfit=3,764 NetIncome=1,494 Assets=3,514 Liabilities= 1,423 Equity=2,091 Target: Sales=51,271 GrossProfit=16,344 NetIncome=2,408 Assets=34,995 Liabilities=20,790 Equity=14,205
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