Question
Key comparative figures for Apple and Google follow. $ millions Apple Google Current Year Prior Year Current Year Prior Year Total liabilities $ 248,028 $
Key comparative figures for Apple and Google follow.
| $ millions | Apple | |||
|---|---|---|---|---|
| Current Year | Prior Year | Current Year | Prior Year | |
| Total liabilities | $ 248,028 | $ 258,578 | $ 74,467 | $ 55,164 |
| Total assets | 338,516 | 365,725 | 275,909 | 232,792 |
Required: 1. What is the debt ratio for Apple in the current year and for the prior year? 2. What is the debt ratio for Google in the current year and for the prior year? 3. Which of the two companies has the higher degree of financial leverage in the current year?
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Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
6th Edition
0273039148, 9780273039143
