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The following table contains financial statement information for The Procter & Gamble Company ($ millions) for the fiscal years ended in June of each year:
The following table contains financial statement information for The Procter & Gamble Company ($ millions) for the fiscal years ended in June of each year:
Year | Assets | Liabilities | Equity | Net Income |
---|---|---|---|---|
2016 | $127,136 | $69,153 | $ ? | $10,508 |
2017 | ? | 64,628 | 54,178 | 15,326 |
2018 | 118,310 | ? | 51,326 | 9,750 |
Required a. Compute the missing amounts for assets, liabilities, and equity for each year.
b. Compute return on equity for 2017 and 2018. (Round your answer to one decimal place. c. Compute the debt-to-equity ratio for 2017 and 2018. (Round your answer to one decimal place.)
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