These are the current ratios for Facebook INC. for the 2018 and 2017 years.Based on these numbers, how well or poorly is the company doing? Rounded to: MillionsCurrent Year:2018Prior Year:2017Profit margin:Net Income (Loss)$22,111.0$15,920.039.60%39.16%Net Sales$55,838.0$40,653.0Gross Profit Percentage:Gross Profit$46,483.0$35,199.083.25%86.58%Net Sales$55,838.0$40,653.0Asset turnover:Net Sales$55,838.0$40,653.0Average Total Assets$50,480.0$48,563.0$48,563.0$34,401.02++$55,838.0$40,653.01.13 times0.98 times$49,521.5$41,482.0Return on assets (ROA):Net Income (Loss)$22,111.0$15,920.044.65%38.38%Average Total Assets$49,521.5$41,482.0Return on equity (ROE):Net Income (Loss)$22,111.0$15,920.0Average Stockholders' Equity$84,127.0$74,347.0$74,347.0$59,194.02++$22,111.0$15,920.0= 27.90%23.84%$79,237.0$6,770.5

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Description: These are the current ratios for Facebook INC. for the 2018 and 2017 years.Based on these numbers, how well or poorly is the company doing? Rounded to: MillionsCurrent Year:2018Prior Year:2017Profit margin:Net Income (Loss)$22,111.0$15,920.039.60%39.

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These are the current ratios for Facebook INC. for the 2018 and 2017 years. Based on these numbers, how well or poorly is the company doing?

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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