Consider the financial performance of Smart Solutions Inc.:
•Sales Revenue: $16 million
•Cost of Goods Sold: $7 million
•Administrative Expenses: $3 million
•Depreciation: $900,000
•Interest: $350,000
•Taxes: $750,000
•Total Assets: $20 million
•Current Assets: $7.5 million
•Current Liabilities: $3 million
Requirements:
•Calculate EBITDA.
•Determine the net income.
•Compute the current ratio and return on assets (ROA).