At the end of 2017, Alphabet, Inc., reported stockholders’ equity of $152,502 million and total assets...
At the end of 2017, Alphabet, Inc., reported stockholders’
equity of $152,502 million and total assets of $197,295 million.
Its balance in stockholders’ equity at the end of 2016 was $139,036
million. Net income in 2017 was $12,662 million.
a. Calculate Alphabet, Inc., return on equity ratio for 2017.
(Round your answer to one decimal place.)
b. Calculate its debt-to-equity ratio as of December 31, 2017. (Hint: Apply the accounting equation to determine total liabilities.) Round your answer to one decimal place.
Homework Answers
Return on equity = Net income / Equity
Net income = $12,662
Equity = $152,502
= (12,662/152,502)*100
= 8.3%
B)
Debt equity ratio = Debt / Equity
Debt = Total assets - Equity
= 197,295 - 152,502
= $44,793
Ratio
= 44,793/152,502
= 0.294
=29.4%
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