• Calculate the following ratios for GHI Corp. based on the provided financial data for the year ended December 31, 2023:
  • Current Ratio
  • Quick Ratio
  • Debt-to-Equity Ratio
  • Return on Assets (ROA)
  • Return on Equity (ROE)
• Use the following data:
  • Current Assets: $80,000
  • Inventory: $20,000
  • Current Liabilities: $40,000
  • Total Assets: $200,000
  • Total Liabilities: $80,000
  • Net Income: $30,000
  • Shareholders' Equity: $120,000

Question:

Using the given data, calculate the Current Ratio, Quick Ratio, Debt-to-Equity Ratio, Return on Assets (ROA), and Return on Equity (ROE) for GHI Corp. for the year ended December 31, 2023.