Year Assets Liabilities Equity Net Income Applying the Accounting Equation and Calculating Ratios

The following table contains financial statement information for The Procter & Gamble Company $($$ millions$)$ for the fiscal years ended in June of each year:

Required

a$.$ Compute the missing amounts for assets, liabilities, and equity for each year.

b$.$ Compute return on equity for $2019$ and $2020.($Round your answer to one decimal place.$)$

c$.$ Compute the debt$-$to$-$equity ratio for $2019$ and $2020.($Round your answer to one decimal place.$)$

$2018$ $$118,310$ $$65,427$ $ $?$ $$9,861$

$2019?67,51647,5793,966$

$2020120,700?46,87813,103$

Required

a$.$ Compute the missing amounts for assets, liabilities, and equity for each year.

$2018$ Answer $1$

$2019$ Answer $2$

$115,095$

$2020$ Answer $3$

b$.$ Compute return on equity for $2019$ and $2020.($Round your answer to one decimal place.$)$

$2019$ Answer $4$

$2020$ Answer $5$

c$.$ Compute the debt$-$to$-$equity ratio for $2019$ and $2020.($Round your answer to one decimal place.$)$

$2019$ Answer $6$

$1\mathrm{.}4$

$2020$ Answer $7$

$1\mathrm{.}6$