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LO3 P1-42. Formulating a Statement of Stockholders' Equity from Raw Data DP Systems, Inc., reports the following selected information at December 31, 2019 ($ millions):
LO3 P1-42. Formulating a Statement of Stockholders' Equity from Raw Data DP Systems, Inc., reports the following selected information at December 31, 2019 ($ millions): Contributed capital, December 31, 2018 and 2019......... Retained earnings, December 31, 2018....... Cash dividends, 2019..... Net income, 2019.... $ 550 2,437 281 859 REQUIRED Use this information to prepare its statement of stockholders' equity for 2019. E LO3, P1-45. Preparing Income Statements and Computing Key Ratios Facebook, Inc. reported the following amounts in its 2017 and 2016 financial statements ......... ($ millions) Total assets .............. ....... Total liabilities Retained earnings Revenue... Operating expenses... Other expenses, including income taxes Dec. 31, 2017 $84,524 10,177 33,990 40,653 20,450 4,269 Dec. 31, 2016 $64,961 5,767 21,670 27,638 15,211 2,210 Sos REQUIRED a. Prepare income statements for Facebook for 2017 and 2016. Use the format illustrated in Exhibit 1.8. b. Compute Facebook's return on equity ratio for 2017 and 2016. Facebook's stockholders' eq- uity at the end of 2015 was $4,899 million. c. Compute Facebook's debt-to-equity ratio for 2017 and 2016
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