1. Artistic Interiors Inc. designs and manufactures custom furniture. For the year 2023, the company had revenue of $5 million, a cost of goods sold of $2.5 million, and operating expenses totaling $1.2 million. The company’s total assets were $7 million, and its total liabilities were $3 million.

• Compute the gross profit margin.
• Calculate the return on equity (ROE).

Determine the equity multiplier.