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.)
2012 |
Answer |
2013 |
Answer |