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Question 3.)Compute the ratios of long-term debt-to-book equity and long-term debt-to-market value equity in the...

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Accounting

Question 3.)Compute the ratios of long-term debt-to-book equity and long-term debt-to-market value equity in the Excel file. The ratios need to be traced to the data you collected in question 2). Recall to convert the data to a common unit (e.g., billions or millions) before computing the ratios. Use two decimals for the ratios. 3 pts

(please provide equations if possible)

3.)

Book value
Long-term debt/total common equity
2016 2017 2018 2019 2020 2021
GOOGL

Market value
Long-term debt/total common equity
2016 2017 2018 2019 2020 2021
GOOGL

(from questions 2 below)

Long-term debt (million) 2016 2017 2018 2019 2020 2021
GOOGL $ 3,935 $ 3,969 $ 4,012 $ 4,554 $ 13,932 $ 14,817

Total market cap (billion) 2016 2017 2018 2019 2020 2021
GOOGL $ 539.06 $ 729.45 $ 723.45 $ 921.13 $ 1,190.00 $ 1,920.00

(not sure if you need the balance sheet or not)

image(Income Statement)

image

Thank you in advance.

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