Provide the 2 most recent annual reports for the company, Berkshire Hathaway
1 Berkshire Hathaway Student Name University Affiliation Course Professor Date 2 To perform a comprehensive financial analysis of Berkshire Hathaway, we’ll analyze solvency, profitability, and market value ratios for the last two years. NB: the figures and amounts are in dollars $ Solvency Ratios: Debt-to-Equity Ratio = Total Liabilities / Total Shareholders’ Equity×100 Debt Ratio=Total Liabilities / Total Assets×100 Equity Ratio=Total Shareholders’ Equity / Total Assets×100 Year Debt-to-Equity Ratio (%) Debt Ratio (%) Equity Ratio (%) 2023 90.63 47.54 52.46 2022 100.00 50.09 49.91 2021 89.40 47.20 52.80 2020 97.15 49.28 50.72 2019 92.50 48.05 51.95 Profitability Ratios: ROA=Net Income / Total Assets ×100 ROE=Net Income / Total Shareholders’ Equity×100 Gross Profit Margin=Gross Profit /Total Revenue×100 3 Year Reven Gross Net ROA ue Incom Incom % (Millio e e ns (Millio (Millio USD) ns ns USD) USD) ROE % Net profit margin % 2023 36448 2 70946 97147 9.07 19.18 26.65 2022 30202 0 59394 -21998 N/A N/A N/A 2021 27609 4 55164 90807 9.47 17.94 32.89 2020 24551 0 48784 43253 4.95 9.76 17.62 2019 25461 6 52196 81792 9.36 19.25 32.12 Market Value Ratios: 4 1. Price-to-Earnings (P/E) Ratio: P/E Ratio=Market Price per Share / Earnings per Share market price per share = Earnings per share =44.27 Answer = 2. Price-to-Book (P/B) Ratio: P/B Ratio=Market Price per Share / Book Value per Share market price per share = book value per share =561273 Answer = 3. Earnings per Share (EPS): EPS=Net Income / Number of Common Shares Outstanding net income =97147 Number of Common Shares Outstanding =2173 Answer =44.71 References https://www.wsj.com/market-data/quotes/BRK.A/financials/annual/balance-sheet 5 https://www.wsj.com/market-data/quotes/BRK.A/financials/annual/balance-sheet
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