1. Financial details for BlueWater Co. are as follows:
   oRevenue: $40 million
   oCost of Goods Sold: $20 million
   oOperating Expenses: $8 million
   oNet Income: $6 million
   oTotal Assets: $50 million
   oTotal Liabilities: $15 million
   Requirements:
   oCalculate the gross profit and net profit margins.
   oCompute the return on equity (ROE).
   oDetermine the quick ratio, assuming inventory is $5 million and current liabilities are $10 million.