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Question: applying the accounting equation and calculating ratios the following table...

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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

$138,354

$70,353

$       ?

$11,927

2012

?

68,209

64,035

10,904

2013

139,263

?

68,709

11,402

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

2011

$---------- million

2012

$---------- million

2013

$---------- million

b. Compute return on equity for 2012 and 2013. (Round your answer to one decimal place.)

2012

--------%

2013

--------%

c. Compute the debt-to-equity ratio for 2012 and 2013. (Round your answer to one decimal place.)

2012

Answer

2013

Answer

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