Consider the financial performance of Smart Tech Inc.:
•Sales Revenue: $19 million
•Cost of Goods Sold: $8.5 million
•Administrative Expenses: $3.7 million
•Depreciation: $1.2 million
•Interest: $450,000
•Taxes: $800,000
•Total Assets: $24 million
•Current Assets: $8.5 million
•Current Liabilities: $3.5 million
Requirements:
•Calculate EBITDA.
•Determine the net income.
•Compute the current ratio and return on assets (ROA).