Question
I need to find the Debt to owners' equity ratio for the year 2021 of two banks BMO( Bank of Montreal) and Scotia Bank and
I need to find the Debt to owners' equity ratio for the year 2021 of two banks BMO( Bank of Montreal) and Scotia Bank and I want to compare them and a table and reference are recommended.
We can use the below formulas;
Dept/equity ratio= Total liabilities divided by total Share holder's equity
Total Assets = Total Liabilities + Total Share holder's Equity
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The Legal Environment of Business Text and Cases
Authors: Frank B. Cross, Roger LeRoy Miller
10th edition
1305967305, 978-1337516051, 1337516058, 978-1305967304
