Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 (5 points) Below are some of Facebook's financial ratios for fiscal 2021 and fiscal 2020. Use this information to answer the following questions.

image text in transcribed

Question 6 (5 points) Below are some of Facebook's financial ratios for fiscal 2021 and fiscal 2020. Use this information to answer the following questions. To answer each question, type 2021' or '2020' in the corresponding box below (i.e., your answer for #1 goes in the first box, etc.). Please make sure to type out the entire year (e.g., 2021' or '2020 rather than 21' or '20') to ensure that D2L correctly evaluates your responses. 2021 2020 Quick Ratio 1.1 1.0 Days Receivable 7 days 8 days Return on Assets 24% 16% 81% 80% Gross Margin % Debt-to-Equity Ratio 0.5 1.3 1. Is Facebook's Quick Ratio more favorable in 2021 or 2020? 2. Does Facebook's Days Receivable ratio suggest that the company is collecting receivables faster in 2021 or 2020? 3. Is Facebook's Return on Assets more favorable in 2021 or 2020? 4. Is Facebook's Gross Margin percentage more favorable in 2021 or 2020? 5. Does Facebook's Debt-to-Equity ratio suggest that the company carrying mor debt per unit of equity in 2021 or 2020? nore Previous Page Next Page Page 6 of 36

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Employee Motivation Audit

Authors: Jane Weightman

1st Edition

0955970709, 978-0955970702

More Books

Students also viewed these Accounting questions