Reference no: EM132595547
Question - Kellogg Company is the world's leading producer of ready-to-eat cereal products. In recent years, the company has taken numerous steps aimed at improving its profitability and earnings per share. Presented below are some basic facts for Kellogg.
2014 2013
Net sales $14,580 $14,792
Net income 632 1,807
Total assets 15,153 15,474
Total liabilities 12,302 11,867
Common stock, $0.25 par value 105 105
Capital in excess of par value 678 626
Retained earnings 6,689 6,749
Treasury stock, at cost 3,470 2,999
Number of shares outstanding (in millions) 358 363
Required - Calculate the ratio of debt to assets for 2014 and 2013.
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