Dynamic Designs Ltd. creates and sells designer clothing. In 2023, the company had revenue of $18 million, a cost of goods sold of $9 million, and operating expenses totaling $4 million. The company’s total assets were $22 million, and its total liabilities were $8 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.