Chic Couture Ltd. creates and markets high-fashion clothing. In 2024, the company reported revenue of $22 million, a cost of goods sold of $11 million, and operating expenses of $6 million. Total assets were $20 million, and total liabilities were $9 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.