ABC Limited, a retail company, provides the following financial data for the year ended December 31, 2022:

Sales Revenue: $5,000,000

Cost of Sales: $3,000,000

Operating Expenses: $1,200,000

Interest Expense: $100,000

Income Tax Expense: $150,000

Cash: $250,000

Accounts Receivable: $400,000

Inventory: $600,000

Total Current Liabilities: $750,000

Total Assets: $4,000,000

Total Equity: $2,500,000

Requirements:

Prepare an income statement for ABC Limited for the year ended December 31, 2022.

Compute the operating profit margin.

Calculate the return on equity (ROE).

Determine the debt to equity ratio.

Calculate the inventory turnover ratio.