Financial details for Beverage Masters Inc. are as follows:
oRevenue: $90 million
oCost of Goods Sold: $45 million
oOperating Expenses: $25 million
oNet Income: $15 million
oTotal Assets: $100 million
oTotal Liabilities: $40 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $12 million and current liabilities are $25 million.