Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities Total stockholders' equity (dollars in millions) $ 285 157 2,115 1,838 277 a. Find the total debt to total assets ratio. Note: Round your answer to the nearest hundredth perces Total debt to total assets %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Please do not give solution in image format thanku 

Motorola Credit Corporation's annual report
Net revenue (sales)
Net earnings
Total assets
Total liabilities.
Total stockholders' equity
Total debt to total assets
(dollars in
millions)
$ 285
157
a. Find the total debt to total assets ratio.
Note: Round your answer to the nearest hundredth percent.
Return on equity
2,115
1,838
277
b. Find the return on equity ratio.
Note: Round your answer to the nearest hundredth percent.
%
%
Transcribed Image Text:Motorola Credit Corporation's annual report Net revenue (sales) Net earnings Total assets Total liabilities. Total stockholders' equity Total debt to total assets (dollars in millions) $ 285 157 a. Find the total debt to total assets ratio. Note: Round your answer to the nearest hundredth percent. Return on equity 2,115 1,838 277 b. Find the return on equity ratio. Note: Round your answer to the nearest hundredth percent. % %
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education