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For this weeks discussion assignment look at the financial statement of Exxon Mobil in the most recently released annual report. Does this company carry long-term
For this weeks discussion assignment look at the financial statement of Exxon Mobil in the most recently released annual report. Does this company carry long-term debt on their balance sheet? What type of debt does the company carry? You will need to look in the notes to the financial statements to find information on the types of debt issued by the company. What is the company's debt-to-equity ratio, and debt ratio? Is a higher or lower ratio better? What do these ratios tell you about your company?
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