Question: Make your own version of Table 3.10. Assume the point of the table is to compare the relative sizes and the relative ratio of equity

Make your own version of Table 3.10. Assume the point of the table is to compare the relative sizes and the relative ratio of equity to assets of leading banks with those of leading oil companies. Table 3.10 Balance Sheet Data for Eight Companies Bank of America Chevron

Table 3.10 Balance Sheet Data for Eight Companies Bank of America Chevron Corp Citigroup Inc. ExxonMobil Hess Corp. JP Morgan Chase Occidental Petroleum Wells Fargo & Co Total assets Total liabilities Equity in 2013 Equity/assets Type In 2013 in millions In 2013 in millions In millions 2,102,273.00 253,753.00 1,869,588.00 232,685.00 103,326.00 150,427 11.07% 59.2809% Oil Bank 1,880,382.00 1,674,249.00 206,133 346,808.00 166,313.00 180,495 10.9623% 52.04465% Oil Bank 42,754.00 17,970.00 24,784 57.9688% Oil $2,415,689 2,204,511.00 211,178 8.7419% Bank 69,443.00 1,527,015.00 26,071.00 1,356,007.00 43,372 62.4570% Oil 171,008 11.1988 % Bank

Step by Step Solution

★★★★★

3.51 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Introductory Accounting Questions!

1. What can Clara and her staff do to select the type of entry-level candidates they want? Explain. 2. How can Clara ensure that those who are hired come to accept the core cultural values of the...

Consider the following information: Rate of Return if State Occurs State of Economy Boom :57 Bust of Economy .66 .34 Probability of State Stock A .09 .13 Stock B Stock C .03 .19 .24 -.04 a. What is...

All views expressed in this paper are those of the authors and do not necessarily represent the views of the Hellenic Observatory or the LSE George Alogoskoufis Greeces Sovereign Debt Crisis:...

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...

Two articles will be attached below in order to understand the question given. The main effects of Regulation Q Restrictions and technological changes on the scale economies for commercial banks. In...

IfyouhaveplayedaSimulationcalledProBankerIneedhelpansweringthesequestionsassoonaspossible from the pro bankerassignment attachment..please use spreadsheet and players manual for reference. Need...

Please check the attached file to see if you can answer the problems FIN 305 Assignment 1 Due by 5pm Fri, Jan 27th The goal of this assignment is to help you understand certain situations in which...

GUARANTEED LIKE THIS SHOULD BE BETTER Question 3 (10 Points) Dahlgren believes that if Swedish Match moves forward with the transaction it would likely receive a credit rating of BBB by S&P. Do you...

Case 9-2 Continental A.G. Write a report of approximately 750 words that addresses the following points: Examine Continental?s financial statements for unusual accounting practices that may have a...

Please make sure that you use excel spreadsheet to complete this assignment. G o to your textbook page P140-141 (Dayton Products, Inc) and provide solutions to spreadsheet exercise problems a, b, and...

(1) Financial Ratios Referencing this week?s readings and lecture, what are the limitations of financial ratios? Classify your answer into at least the following categories: liquidity ratios,...

In a common laboratory experiment on standing waves, the waves are produced in a stretched string by an electrical vibrator that oscillates at 60 Hz (Fig. 13.28). The string runs over a pulley, and a...

48) When Scrum Team members meet and collaborate with each other to find the best way to build and deliver the software to the customer, which of the following Agile Values is being practiced?...

Roberto tiene $10,000 para invertir. Est considerando dos opciones de inversin. La primera opcin le ofrece una tasa de inters del 8% anual compuesto una vez al ao. La segunda opcin le ofrece una tasa...

What ethical issues are involved in implementing major organizational changes in which a large number of associates are laid off? How should these issues be handled?

An apartment building in your neighborhood is for sale for $140,000. The building has four units, which are rented at $500 per month each. The tenants have long-term leases that expire in 5 years....

A new machine can be purchased today for $300,000. The annual revenue from the machine is calculated to be $67,000, and the equipment will last 10 years. Expect the maintenance and operating costs to...

AI Larson asked a bank to lend him money on January 1, based on the following repayment plan: the first payment would be $2 on February 28, with sub-sequent monthly payments increasing by $2 a month...

That's all the information they've provided to us. Please help with whatever was given, I have to submit this tomorrow. Thanks Question 2 Andrew, aged 53, approached you to assist with his risk...

A CPA has been asked to audit the financial statements of a publicly held company for the first time. All preliminary verbal discussions and inquiries among the CPA, the company, the predecessor...

On January 1, 20X2, Miller Corporation purchased $100,000 of 5%, 10- year bonds dated January 1, 20X2, at 98. Interest is paid on June 30 and December 31 of each year. Assuming use of the...