Question
Logistics and Transport Ltd. Year Revenue ($M) Net Income ($M) Total Assets ($M) Total Liabilities ($M) 2021 250 30 200 90 2022 270 35 220
- Logistics and Transport Ltd.
Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
2021 | 250 | 30 | 200 | 90 |
2022 | 270 | 35 | 220 | 100 |
2023 | 290 | 40 | 240 | 110 |
Calculate the debt-to-equity ratio for each year and analyze the trend.
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
