Consider the financial performance of Techno Innovations Inc.:
•Sales Revenue: $24 million
•Cost of Goods Sold: $10 million
•Administrative Expenses: $5 million
•Depreciation: $1.6 million
•Interest: $400,000
•Taxes: $1.3 million
•Total Assets: $31 million
•Current Assets: $13 million
•Current Liabilities: $6 million
Requirements:
•Calculate EBITDA.
•Determine the net income.
•Compute the current ratio and return on assets (ROA).