what is the debt ratio for apple in the current year and for the prior year 643967

Key comparative figures for Research In Motion and Apple follow.

 

Research In Motion

Apple

($ millions)

Current Year

Prior Year

Current Year

Prior Year

Total liabilities

$ 2,602

$ 2,227

$15,861

$13,874

Total assets

10,204

8,101

47,501

36,171

1. What is the debt ratio for Research In Motion in the current year and for the prior year?

2. What is the debt ratio for Apple in the current year and for the prior year?

3. Which of the two companies has the higher degree of financial leverage? What does this imply?