Apex Apparel Ltd. designs and markets sportswear. In 2024, the company reported revenue of $11 million, a cost of goods sold of $5.5 million, and operating expenses of $3 million. Total assets were $13 million, and total liabilities were $5 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.