ExxonMobil Corporation Income Statement For the Year Ended December 31, Year 2

• Sales revenue: $450,300
• Cost of goods sold: $250,200
• Gross profit: $200,100
• Operating expenses: $80,300
• R&D expenses: $(22,300)
• Depreciation expense: $24,000
• Operating income: $55,000
• Nonoperating income: $15,300
• Loss on sale of land: $(12,300)
• Net income: $58,000

Balance Sheet As of December 31, Year 2

• Assets:
  • Cash: $35,100
  • Accounts receivable: $70,300
  • Merchandise inventory: $60,200
  • Equipment less accumulated depreciation: $100,700
  • Nonoperating assets: $184,000
  • Total assets: $450,300
• Liabilities:
  • Accounts payable: $35,200
  • Notes payable: $50,300
  • Stockholders’ equity:
    • Common stock: $240,000
    • Retained earnings: $124,800
    • Total liabilities and stockholders’ equity: $450,300

Required:

1. Compute the gross profit margin.
2. Calculate the current ratio.
3. Determine the debt-to-equity ratio.
4. Evaluate the ROI for ExxonMobil Corporation.
5. Calculate the operating margin.