Chevron Corp reports the following as of December 31, 2022:

• Balance Sheet:
  • Cash: $7 billion
  • Accounts Receivable: $10 billion
  • Inventory: $8 billion
  • Total Current Assets: $25 billion
  • Total Assets: $200 billion
  • Accounts Payable: $15 billion
  • Short-term Debt: $3 billion
  • Long-term Debt: $30 billion
  • Shareholders’ Equity: $152 billion
• Income Statement:
  • Revenue: $150 billion
  • Cost of Goods Sold: $80 billion
  • Operating Expenses: $50 billion
  • Interest Expense: $1.5 billion
  • Tax Rate: 24%

Requirements:

1. Compute the quick ratio.
2. Calculate the gross profit margin.
3. Determine the debt-to-asset ratio.
4. Assess the return on equity (ROE).