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IBM disclosed the following financial data for the year ending December 31, 2023: Total Assets: $400 billion Total Liabilities: $200 billion Shareholders' Equity: $200 billion

IBM disclosed the following financial data for the year ending December 31, 2023:

  • Total Assets: $400 billion
  • Total Liabilities: $200 billion
  • Shareholders' Equity: $200 billion

a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $30 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $30 billion.

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