2. Finance
3. applying the accounting equation and calculating ratios the following table...

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

###### Question details

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.)