Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the end...
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Accounting
Applying the Accounting Equation and Calculating Return on Equity and Debt-to-Equity Ratio At the end of 2013, Colgate-Palmolive Company reported stockholders' equity of $3,017 million and total assets of $11,172 million. Its balance in stockholders' equity at the end of 2012 was $3,257 million. Net income in 2013 was $2,203 million. a. Calculate Colgate-Palmolive's return on equity ratio for 2013. (Round your answer to one decimal place.) 96 b. Calculate its debt-to-equity ratio as of December 31, 2013. (Hint: Apply the accounting equation to determine total liabilities.) Round your answer to one decimal place
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