Food and Beverage Inc. Year Revenue ($M) Net Income ($M) Total Assets ($M) Total Liabilities ($M) 2021
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Question:
- Food and Beverage Inc.
Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
2021 | 350 | 45 | 300 | 130 |
2022 | 370 | 50 | 320 | 140 |
2023 | 400 | 55 | 350 | 160 |
Calculate the debt-to-equity ratio for each year and analyze the trend.
Expert Answer:
Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
