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The financial summary for ExxonMobil for the year ended December 31, 2023, is provided below: Income Statement: Total Revenue: $3,400,000 Cost of Goods Sold: $2,600,000


The financial summary for ExxonMobil for the year ended December 31, 2023, is provided below:

Income Statement:

Total Revenue: $3,400,000

Cost of Goods Sold: $2,600,000

Operating Expenses: $1,200,000

Income Tax: $120,000

Net Profit: -$520,000 (Net Loss)

Balance Sheet:

Cash: $340,000

Accounts Receivable: $600,000

Inventory: $650,000

Fixed Assets: $1,300,000

Current Liabilities: $580,000

Long-term Debt: $700,000

Shareholders’ Equity: $1,600,000

Calculate the return on equity (ROE).

Determine the current ratio.

Find the quick ratio.

Compute the debt-to-equity ratio.

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