Accounting

&
Financial
Reporting Project

Hesham Gaber Abd El salam

 ( Group B )

i. Saudi Aramco is the world's largest oil producer. Officially

known as Saudi Arabian Oil Company, the company is primarily
state-owned and is based in Dhahran, Saudi Arabia. It is the
world's most profitable company, eclipsing even tech giants such
as Apple (AAPL) and Alphabet's Google (GOOGL).
 ii. Yes its financial statements audited by independent Auditor
( price water house coopers ).

iii.

item 2021 2020 $ change % change

Total 12.9778439
576,718 510,470 66,248
Assets 5

NEW −OLD
 in TA = OLD Total Assets Increased over last year

iv.

item 2021 2020 $ change % change

NET 124.418913
109,972 49,003 60,969
INCOME 1
 NEW −OLD
 in NI = OLD Net Income Increased over last year
v.

item 2021 2020 $ change % change

83.1780123
sales 139,360 76,079 63,281
3

NEW −OLD
 in S = OLD SALES Increased over last year

vi. Ratios:

a) Current ratio = CA / CL

item 2020 2021

current assets 106368 162998

current liabilities 64857 81021

current ratio 1.640038855 2.01179941

b) Debit Ratio = Total debts / Total Assets

item 2020 2021

total debit 216845 235206

total assets 510470 576718

debit ratio 0.424794797 0.407835372

c) Total Assets turnover = Sales / Total Assets

item 2020 2021

sales 76079 139360

total assets 510470 576718

total assets turnover 0.149037162 0.241643229

d) Return on Assets = NI / TA

item 2020 2021

total assets 510470 576718

net income 49003 109972

return on assets 0.095995847 0.190685916

e) Return on Equity = NI / TE

item 2020 2021

total equity 293625 341512

net income 49003 109972

return on equity 0.16688974 0.322015039

f) Profit margin = NI / Sales

item 2020 2021

sales 76079 139360

net income 49003 109972

profit margin 0.644106784 0.789121699