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Ma'aden (Saudi Arabian Mining Company) released its financial statements for the fiscal year ending December 31, 2023, with the following data: Income Statement: Total Revenue:
Ma'aden (Saudi Arabian Mining Company) released its financial statements for the fiscal year ending December 31, 2023, with the following data:
Income Statement:
- Total Revenue: SAR 8,000,000
- Cost of Goods Sold: SAR 3,500,000
- Operating Expenses: SAR 2,000,000
- Net Income: SAR 2,500,000
Balance Sheet:
- Total Assets: SAR 15,000,000
- Total Liabilities: SAR 5,000,000
- Shareholder's Equity: SAR 10,000,000
a) Compute the gross profit margin and net profit margin for Ma'aden. b) Calculate the current ratio and debt-to-equity ratio for Ma'aden. c) Evaluate Ma'aden's financial performance based on the calculated ratios.
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