Question
Below is a summary of the financial statements for JPMorgan Chase as of December 31, 2023: Income Statement: Sales Revenue: $3,800,000 Cost of Goods Sold:
Below is a summary of the financial statements for JPMorgan Chase as of December 31, 2023:
Income Statement:
Sales Revenue: $3,800,000
Cost of Goods Sold: $3,000,000
Operating Expenses: $1,400,000
Income Tax: $140,000
Net Income: -$740,000 (Net Loss)
Balance Sheet:
Cash: $380,000
Receivables: $700,000
Inventory: $750,000
Fixed Assets: $1,500,000
Current Liabilities: $640,000
Long-term Liabilities: $800,000
Shareholders’ Equity: $1,860,000
Calculate the current ratio.
Determine the return on equity (ROE).
Find the debt-to-equity ratio.
Compute the net profit margin.
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