Question
Walgreens had total liabilities of $16,027 and total shareholders' equity of $19,454 at August 31, 2013. Total shareholders' equity at August 31, 2014, amounted to
Walgreens had total liabilities of $16,027 and total shareholders' equity of $19,454 at August 31, 2013. Total shareholders' equity at August 31, 2014, amounted to $20,561. (All amounts are in millions.) Compute Walgreens' debt-to-equity ratio at August 31, 2014 and 2013. Round your answers to two decimal places.
Computation of debt-to-equity ratios:
2014:
2013:
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
1119707110, 978-1119707110
