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
- 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.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
