Answered step by step
Verified Expert Solution
Question
1 Approved Answer
JKL Technology Company, a major player in the tech industry, released its financial figures for the fiscal year 2023. The company's total assets amounted to
JKL Technology Company, a major player in the tech industry, released its financial figures for
the fiscal year 2023. The company's total assets amounted to $6 billion, with total liabilities of $4
billion. Its net income for the year stood at $300 million, and the shareholders' equity was $2
billion.
a) Determine the company's debt-to-assets ratio.
b) Calculate the company's debt-to-equity ratio.
c) Find out the return on assets (ROA) percentage.
d) Calculate the return on equity (ROE) percentage.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started