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Evaluate a company’s performance and financial position through a comparison to industry data.

Evaluate a company’s performance and financial position through a comparison to industry data. The purpose of this assignment is to employ accounting principles and relevant business practices to evaluate a company’s performance and financial position through a comparison to industry data. Locate the Critical Thinking CT 10.4 problem at the end of Chapter 10 in … Read more

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The company’s debt-equity ratio is way below the industrial average for both recent financial years 

The company’s debt-equity ratio is way below the industrial average for both recent financial years Tina Memsic Jun 23, 2021 at 10:55 PM Exxon Mobil FY 2018 and FY2019 Debt-Equity-Ratio Debt-Equity-Ratio = Debt/Equity 2018 = $147,670,000,000/$198,525,000,000 =0.74 2019 =$163,660,000,000/$198,938,000,000 =0.82 Times Interest Earned Ratio Times Interest Earned Ratio = EBIT/Total Interest Expense 2018 =$20,886,000,000/$766,000,000 =27.27 … Read more

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The current ratio tells you the liquidity of a company based on assets that are readily available to be converted to cash in relation to the liabilities owed within the year.

The current ratio tells you the liquidity of a company based on assets that are readily available to be converted to cash in relation to the liabilities owed within the year. Abigail Kilgore Current Ratio = current assets / current liabilities Quick Ratio = quick assets / current liabilities Quick assets = 8249 – 730 … Read more

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