Question
For the fiscal year ending November 30, 2023, Adobe Inc. reported the following financial data: Total Revenue of $24,550 million, Operating Expenses of $14,670 million,
For the fiscal year ending November 30, 2023, Adobe Inc. reported the following financial data: Total Revenue of $24,550 million, Operating Expenses of $14,670 million, and Net Income of $6,890 million. The company's total assets were $51,780 million, and total equity was $25,690 million.
Questions:
- Calculate Adobe's operating profit margin.
- Compute Adobe's net profit margin.
- Calculate the return on assets (ROA) for Adobe.
- Compute the return on equity (ROE) for Adobe.
- If Adobe's total liabilities were $26,090 million, what is the debt to equity ratio?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
