As of June 30, 2023, Procter & Gamble reports:

• Balance Sheet:
  • Cash: $12 billion
  • Marketable Securities: $10 billion
  • Accounts Receivable: $8 billion
  • Inventory: $5 billion
  • Total Current Assets: $35 billion
  • Total Assets: $150 billion
  • Accounts Payable: $10 billion
  • Short-term Debt: $5 billion
  • Long-term Debt: $40 billion
  • Shareholders’ Equity: $95 billion
• Income Statement:
  • Revenue: $80 billion
  • Cost of Goods Sold: $40 billion
  • Operating Expenses: $30 billion
  • Interest Expense: $2 billion
  • Tax Rate: 21%

Requirements:

1. Compute the quick ratio.
2. Calculate the return on equity (ROE).
3. Determine the gross profit margin.
4. Assess the debt-to-asset ratio.