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Saudi Basic Industries Corporation (SABIC), a global leader in diversified chemicals, reported the following financial data for the fiscal year ending December 31, 2023: Income
Saudi Basic Industries Corporation (SABIC), a global leader in diversified chemicals, reported the following financial data for the fiscal year ending December 31, 2023:
Income Statement:
- Total Revenue: SAR 20,000,000
- Cost of Goods Sold: SAR 10,000,000
- Operating Expenses: SAR 5,000,000
- Net Income: SAR 5,000,000
Balance Sheet:
- Total Assets: SAR 30,000,000
- Total Liabilities: SAR 12,000,000
- Shareholder's Equity: SAR 18,000,000
a) Calculate the gross profit margin and net profit margin for SABIC. b) Determine the current ratio and debt-to-equity ratio for SABIC. c) Provide an assessment of SABIC's financial health based on the calculated ratios.
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