What is Apple’s debt ratio? ..................................... Apple Orange Beginning assets &nb
What is Apple’s debt ratio?
..................................... Apple
Orange
Beginning assets
$100,000
$200,000
Ending
assets
$110,000
$220,000
Total
liabilities
60,000
150,000
Owners’
equity
50,000
70,000
Net
income
6,000
6,500
Homework Answers
Debt Ratio = Total Debt/Total Assets
Total Debt of Apple = 60,000(Toatal Liabilities)
Total Assets = 1,10,000
Apple's Debt Ratio = 60,000/1,10,000
=0.55
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What is Apple’s debt ratio?
..................................... Apple
Orange
Beginning assets &nb
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