Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the end of 2019, Alphabet, Inc., reported stockholders' equity of $201,442 million and total assets of $275,909 million. Its balance in stockholders' equity at the end of 2018 was $177,628 million. Net income in 2019 was $34,343 million. a. Calculate Alphabet, Inc., return on equity ratio for 2019. (Round your answer to one decimal place.) Note: Enter answer a percent. Round your answer to one decimal place. 72.8 b. Calculate its debt-to-equity ratio as of December 31, 2019. (Hint: Apply the accounting equation to determine total liabilities.) Note: Enter answer in decimal form. Round your answer to one decimal place. 0

Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the end of 2019, Alphabet, Inc., reported stockholders' equity of $201,442 million and total assets of $275,909 million. Its balance in stockholders' equity at the end of 2018 was $177,628 million. Net income in 2019 was $34,343 million. a. Calculate Alphabet, Inc., return on equity ratio for 2019. (Round your answer to one decimal place.) Note: Enter answer a percent. Round your answer to one decimal place. 72.8 b. Calculate its debt-to-equity ratio as of December 31, 2019. (Hint: Apply the accounting equation to determine total liabilities.) Note: Enter answer in decimal form. Round your answer to one decimal place. 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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