Scenario 28: Financial Ratios - Exxon Mobil Corporation

Exxon Mobil Corporation has provided the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $411,259 million
• Total Liabilities: $225,178 million
• Net Income: $21,281 million
• Total Revenue: $302,792 million
• Total Expenses: $281,511 million
• Average Shareholders' Equity: $186,081 million

Calculate the following financial ratios for Exxon Mobil Corporation:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Exxon Mobil Corporation based on these ratios.