Artisan Accessories Ltd. produces and sells handcrafted accessories. In 2023, the company had revenue of $5.2 million, a cost of goods sold of $2.6 million, and operating expenses totaling $1.4 million. The company’s total assets were $8 million, and its total liabilities were $3 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.