Selected balance sheet and income statement for Facebook Inc. follows. Dec. 31, $ millions Dec. 31, 2018 2017 Total assets $100,647 $87,837 Total liabilities 16,520 13,490 Revenue 59,151 Net income 25,425 Compute the return on equity for the year ended December 31, 2018. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROE. Numerator Denominator $ + + ROE

Selected balance sheet and income statement for Facebook Inc. follows. Dec. 31, $ millions Dec. 31, 2018 2017 Total assets $100,647 $87,837 Total liabilities 16,520 13,490 Revenue 59,151 Net income 25,425 Compute the return on equity for the year ended December 31, 2018. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute 2018 ROE. Numerator Denominator $ + + ROE

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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Find return on assets and return on equity ratios for year 2017, 2018, and 2019.
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