Question
The following is a summary of the financials for Chevron Corporation for the year ending December 31, 2023: Income Statement: Revenue: $3,000,000 Cost of Goods
The following is a summary of the financials for Chevron Corporation for the year ending December 31, 2023:
Income Statement:
Revenue: $3,000,000
Cost of Goods Sold: $2,200,000
Operating Expenses: $1,000,000
Income Tax: $100,000
Net Profit: -$300,000 (Net Loss)
Balance Sheet:
Cash and Equivalents: $300,000
Receivables: $500,000
Inventory: $550,000
Fixed Assets: $1,100,000
Current Liabilities: $510,000
Long-term Debt: $600,000
Equity: $1,340,000
Calculate the current ratio.
Determine the return on equity (ROE).
Find the quick ratio.
Compute the net profit margin.
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