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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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