The following total liabilities and stockholders’ equity information (in millions) is provided for Papa John’s International, Inc. and Yum! Brands, Inc. at the end of a recent year: Papa John’s Yum! Brands Total liabilities $405 $6,732 Total stockholders’ equity 99 1,604 Yum! Brands is a much larger company than is Papa John’s, however both companies compete internationally in the fast food business. Papa John’s is primarily in the carry-out and delivery pizza business, while Yum! Brands is in the quick-service restaurant business with its Pizza Hut, Taco Bell, and KFC brands. a. Compute the ratio of liabilities to stockholders’ equity for each company. (Round to one decimal place.)
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The following total liabilities and stockholders’ equity information (in millions) is provided for P...
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