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BCD Inc., a food processing company, reports the following data for the year ended December 31, 2022: Sales Revenue: $6,000,000 Cost of Goods Sold: $3,800,000


BCD Inc., a food processing company, reports the following data for the year ended December 31, 2022:

Sales Revenue: $6,000,000

Cost of Goods Sold: $3,800,000

Operating Expenses: $1,500,000

Depreciation Expense: $400,000

Interest Expense: $150,000

Income Tax Expense: $200,000

Current Assets: $2,500,000

Current Liabilities: $1,200,000

Total Liabilities: $3,000,000

Total Equity: $4,000,000

Requirements:

Prepare an income statement for BCD Inc. for the year ended December 31, 2022.

Calculate the gross profit margin.

Determine the net profit margin.

Compute the current ratio.

Calculate the return on equity (ROE).

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