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$ millions Total assets Total liabilities Total equity Apple Current Year Prior Year $375, 319 $321, 686 241, 272 193,437 134,047 128, 249 Google Current
$ millions Total assets Total liabilities Total equity Apple Current Year Prior Year $375, 319 $321, 686 241, 272 193,437 134,047 128, 249 Google Current Year Prior Year $197,295 $167, 497 44,793 28,461 152,502 139,036 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 (0) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3
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