Applying the Accounting Equation and calculating Ratios The following table cont

Question

Applying the Accounting Equation and calculating Ratios The following table contains financial statement information for The Procter & Gamble Company ($ m Year Assets Liabilities Equity Net I 2011 $138,354 $70,353 $11,927 2012 2013 139,263 ncome ? 68,209 64,035 10,904 68,709 11,402 Required a. Compute the missing amounts for assets,liabilities, and equity for each year. 2011 million 2012 0 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 2013 Check enovO

Explanation / Answer

a 2011 $68001 2012 $1,32,244 2013 $70,554 b 2012 17.03% 2013 16.59% ROE = Net Income / Share holders Equity c 2012 91.02% 2013 73.84%

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