Question
IBM disclosed the following financial data for the year ending December 31, 2023: Total Assets: $600 billion Total Liabilities: $200 billion Shareholders' Equity: $400 billion
IBM disclosed the following financial data for the year ending December 31, 2023:
- Total Assets: $600 billion
- Total Liabilities: $200 billion
- Shareholders' Equity: $400 billion
a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $50 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $50 billion.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
