Applying the Accounting Equation and Calculating Ratios
Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & Gamble company ($ millions): View complete question » y ear a ssets l iabilities e quity n et i ncome Applying the Accounting Equation and Calculating Ratios The following table contains financial statement information for The Procter & gamble company ($ millions): y ear a ssets l iabilities e quity n et i ncome 2009 . . . . . . . . . . . $134,833 $71,451 $ ? $13,436 2010 . . . . . . . . . . . ? 66,733 61,439 12,736 2011 . . . . . . . . . . . 138,354 ? 68,001 11,797 Required Compute the missing amounts for assets, liabilities, and equity for each year. Compute return on equity for 2010 and 2011. The median rOe for Fortune 500 companies is about 15%. how does P&G compare with this median? Compute the debt-to-equity ratio for 2010 and 2011. The median debt-to-equity ratio for the Fortune 500 companies is 1.8. how does P&G compare to this median?
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