Consider the financial performance of Energy Efficient Solutions Inc.:
•Sales Revenue: $21 million
•Cost of Goods Sold: $9.5 million
•Administrative Expenses: $4.2 million
•Depreciation: $1.1 million
•Interest: $350,000
•Taxes: $950,000
•Total Assets: $27 million
•Current Assets: $9 million
•Current Liabilities: $4.2 million
Requirements:
•Calculate EBITDA.
•Determine the net income.
•Compute the current ratio and return on assets (ROA).