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What is the correct answer for part B? Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter

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What is the correct answer for part B?

Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & Gamble Company ($ millions). Year Assets Liabilities Equity Net Income 2011 $135,833 $90,451 $? $14,436 2012 ? 80,733 61,439 13,736 2013 149,354 ? 58,001 12,797 Required a. Compute the missing amounts for assets, liabilities, and equity for each year. 2011 $ 45,382 2012 $ 142,172 2013 $ 91,353 b. Compute return on equity for 2012 and 2013. (Round your answer to one decimal place.) 2012 22.49 * 2013 22.1 % * C. Compute the debt-to-equity ratio for 2012 and 2013. (Round your answer to one decimal place.) 2012 1.3 1.6 2013 Check

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