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 %

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning