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Analyze the following financial data for SkyTech Ltd. for the fiscal year ended September 30, 2023: Income Statement Amount Revenue $1,200,000 Cost of Goods Sold


Analyze the following financial data for SkyTech Ltd. for the fiscal year ended September 30, 2023:

Income Statement

Amount

Revenue

$1,200,000

Cost of Goods Sold

$720,000

Operating Expenses

$300,000

Interest Expense

$40,000

Tax Expense

$28,000


Balance Sheet

Amount

Current Assets

$250,000

Total Assets

$600,000

Current Liabilities

$120,000

Long-term Debt

$180,000

Shareholders' Equity

$300,000

Requirements: a. Compute the current ratio. b. Calculate the net profit margin. c. Determine the return on assets. d. Evaluate the debt to equity ratio. e. Analyze the company's interest coverage ratio.

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