Question

Check my wor 1 Key figures for Apple and Google follow. points $ millions Total assets Total liabilities Total equity Apple Current Year Prior Year $375, 319 $321,686 241, 272 193.437 134.047 128.249 Google Current Year Prior Year $ 197,295 $167,497 44,793 28,461 152,502 139,836 eBook Print References Required: 1. Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year. 2. Use the ratios we computed in part 1 to determine which company's financing structure is least risky. 3. Is its debt-to-equity ratio more risky or less risky compared to the industry (assumed) average of 0.5 for (0) Apple and (b) Google? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the debt-to-equity ratios for Apple and Google for both the current year and the prior year. (Round your final answers to 2 decimal places.) Debt-to-Equity Ratio Apple's current year Apple's prior year Google's current year Google's prior voar

Answer 1

Requirement: 1 / = || Numerator Total Debt 241272 193437 Debt-to-equity ratio Denominator Equity 134047 128249 Debt-to-equity ratio Debt-to-equity ratio 1.80 1.51 Apple's Current Year Apples Prior Year 0.29 Google's Current Year Google's Prior Year 44793 28461 152502 139036 0.20 Requirement: 2 Google Requirement: 3 (a) Apple (b) Google More Risky Less Risky