Question
Scenario : Facebook, Inc.'s balance sheet as of June 30th, 2024, contains the following account balances. Complete the table by calculating the total assets, total
Scenario: Facebook, Inc.'s balance sheet as of June 30th, 2024, contains the following account balances. Complete the table by calculating the total assets, total liabilities, and shareholders' equity. Also, compute the debt-to-equity ratio.
Assets | Amount (USD) |
Cash and cash equivalents | $80,000,000 |
Accounts receivable | $60,000,000 |
Inventory | $70,000,000 |
Property, plant, and equipment | $600,000,000 |
Investments | $150,000,000 |
Total Assets | $960,000,000 |
Liabilities and Shareholders' Equity | Amount (USD) |
Accounts payable | $50,000,000 |
Notes payable | $30,000,000 |
Accrued expenses | $25,000,000 |
Long-term debt | $200,000,000 |
Total Liabilities | $305,000,000 |
Shareholders' Equity | $655,000,000 |
Total Liabilities and Equity | $960,000,000 |
Debt-to-Equity Ratio | 0.465 |
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