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 Required information (The following information applies to the questions displayed below.) Hillside issues $2,200,000 of 7%, 15-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,901,046. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. 2(a) For each semiannual period, complete the table below to calculate the cash payment. 2(b) For each semiannual period, complete the table below to calculate the straight-line discount amortization. 2(0) For each semiannual period, complete the table below to calculate the bond interest expense. 3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. 4. Prepare the first two years of a straight-line amortization table. 5. Prepare the journal entries to record the first two interest payments. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $2,200,000 cash on January 1, 2020 at an issue price of $1,901,046. Reg 1 Req 2A to 20 Reg 3 Reg 4 Reg 5 For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense. (Round you nearest whole dollar.) 2(a) Par (maturity) value Annual Rate Year Semiannual cash interest payment 2(b) Par (maturity) value Bonds price Discount on Bonds Payable Semiannual periods Straight-line discount amortization |2(c) Semiannual cash payment Discount amortization Bond interest expense Req 1 Req 2A to 20 Reg 3 Reg 4 Req 5 Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense Req 1 Req 2A to 20 Req 3 Reg 4 Req 5 Prepare the first two years of a straight-line amortization table. (Round your intermediate and final answ whole dollar.) Carrying Value Semiannual Period- Unamortized End Discount 01/01/2020 06/30/2020 12/31/2020 06/30/2021 12/31/2021 Req 1 Req 2A to 20 Req 3 Reg 4 Req 5 Prepare the journal entries to record the first two interest payments. (Round your intermediate and final answers dollar.) View transaction list Journal entry worksheet Record the first interest payment on June 30. Note: Enter debits before credits. Date General Journal Debit Credit June 30
