Question
Exxon Mobil Corporation provided the following balance sheet information as of December 31, 2023: Total Assets: $300,000,000 Total Liabilities: $150,000,000 Shareholders' Equity: $150,000,000 Cash and
- Exxon Mobil Corporation provided the following balance sheet information as of December 31, 2023:
- Total Assets: $300,000,000
- Total Liabilities: $150,000,000
- Shareholders' Equity: $150,000,000
- Cash and Cash Equivalents: $30,000,000
- Accounts Receivable: $25,000,000
- Inventory: $40,000,000
- Property, Plant, and Equipment: $180,000,000
- Long-term Debt: $50,000,000
a. Calculate Exxon Mobil Corporation's Current Ratio and Quick Ratio based on the provided data. b. Determine Exxon Mobil Corporation's Debt-to-Equity Ratio. c. Analyze the composition of Exxon Mobil Corporation's total assets and their strategic significance. d. Evaluate Exxon Mobil Corporation's financial leverage based on its long-term debt and shareholders' equity. e. Discuss how Exxon Mobil Corporation's inventory turnover ratio reflects its working capital efficiency.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
