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You're a financial consultant benchmarking the financial performance of Fortune 500 companies: Company A (Verizon) reported total revenue of $135 billion and net income of
You're a financial consultant benchmarking the financial performance of Fortune 500 companies:
- Company A (Verizon) reported total revenue of $135 billion and net income of $18 billion in the previous fiscal year.
- Company B (Bank of America) reported total revenue of $100 billion and net income of $25 billion in the previous fiscal year.
- Company C (Chevron) reported total revenue of $200 billion and net income of $15 billion in the previous fiscal year.
Requirements:
- Calculate the profit margin for each company.
- Assess the liquidity and solvency ratios for each company.
- Provide insights into the financial health and performance of each company relative to its industry peers.
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