Scenario 45: Financial Statement Analysis - Alphabet Inc.

Alphabet Inc. has reported the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $319,645 million
• Total Liabilities: $110,222 million
• Net Income: $69,922 million
• Total Revenue: $249,108 million
• Total Expenses: $179,186 million
• Average Shareholders' Equity: $209,423 million

Calculate the following financial ratios for Alphabet Inc.:

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 Alphabet Inc. based on these ratios.