Selected balance sheet data follow for Goodyear Tire & Rubber Company for the ye
ID: 2334493 • Letter: S
Question
Selected balance sheet data follow for Goodyear Tire & Rubber Company for the year ended December 31, 2016 (in millions):
Total
Operating
Liabilities
Total Nonoperating Liabilities
Total
Current
Liabilities
Total
Liabilities
Total Liabilities
and Shareholders' Equity
$6,307
$5,479
$4,817
$11,786
$16,511
What is the company's liabilities-to-equity ratio?
Select one:
A. 2.49
B. 1.40
C. 3.23
D. 0.71
E. None of the above
Total
Operating
Liabilities
Total Nonoperating Liabilities
Total
Current
Liabilities
Total
Liabilities
Total Liabilities
and Shareholders' Equity
$6,307
$5,479
$4,817
$11,786
$16,511
Explanation / Answer
A. 2.49
Liabilities-to-equity ratio = $11,786 / ($16,511 - $11,786) = 2.49
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