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Key figures for Apple and Google follow. Apple $ millions Total assets Total liabilities Total equity Current Year Prior Year $365, 725 $375, 319 258,
Key figures for Apple and Google follow. Apple $ millions Total assets Total liabilities Total equity Current Year Prior Year $365, 725 $375, 319 258, 578 241, 272 107, 147 134, 047 Google Current Year Prior Year $232, 792 $197, 295 55, 164 44, 793 177, 628 152, 502 Required: 1. Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year. 2. Use the ratios we computed in part 1 to determine which company's financing structure is least risky. 3. Is its debt-to-equity ratio more risky or less risky compared to the industry (assumed) average of 0.5 for (a) Apple and (b) Googl Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year. (Round your final answers to 2 decimal places.) Debt-to-Equity Ratio Apple's current year Apple's prior year Google's current year Google's prior year
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