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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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