Question
Company: Exxon Mobil Corporation Exxon Mobil Corporation disclosed the following financial data for the year ending December 31, 2023: Total Assets: $800 billion Total Liabilities:
ยทCompany: Exxon Mobil Corporation
Exxon Mobil Corporation disclosed the following financial data for the year ending December 31, 2023:
- Total Assets: $800 billion
- Total Liabilities: $400 billion
- Shareholders' Equity: $400 billion
a) Calculate the debt-to-equity ratio. b) Determine the return on assets (ROA), assuming the net income for the year is $50 billion. c) Compute the return on equity (ROE), assuming the net income for the year is $50 billion.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
