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The following information is available from the 2024 financial statements of Bramble Inc. and Cullumber Ltd.: (in millions) Bramble Inc. Cullumber Ltd. Income tax expense
The following information is available from the 2024 financial statements of Bramble Inc. and Cullumber Ltd.:
(in millions) | ||||
Bramble Inc. | Cullumber Ltd. | |||
Income tax expense | $860 | $1,270 | ||
Interest expense | 730 | 1,670 | ||
Net income | 1,155 | 1,450 | ||
Total assets | 25,000 | 37,775 | ||
Total current liabilities | 6,220 | 14,359 | ||
Total liabilities | 16,980 | 32,316 |
(a) Based on the information given, calculate the following ratios for each company: (Round answers to 1 decimal place, e.g. 2.2.)
(a) Based on the information given, calculate the following ratios for each company: (Round answers to 1 decimal place, e.g. 2.2.)
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