For the fiscal year ending December 2015, ExxonMobil had a book value of $106,020 million in...

For the fiscal year ending December 2015, ExxonMobil had a book value of $106,020 million in long-term liabilities and a book value of $165,586 million in total stockholder equity. What was ExxonMobil’s book debt-to-equity ratio? Do not round at intermediate steps in your calculation. Express your answer in decimal form to three decimal places.

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Expert Solution

Debt-to-equity ratio = Total debt / Total equity

Debt-to-equity ratio = $106,020 million / $165,586 million

Debt-to-equity ratio = 0.640

jeff jeffy answered 2 years ago

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