1. Financial details for Green Energy Corp. are as follows:

• Revenue: $8 million
• Cost of Goods Sold: $3 million
• Operating Expenses: $2 million
• Net Income: $2.5 million
• Total Assets: $10 million
• Total Liabilities: $3 million

Requirements:

• Calculate the gross profit and net profit margins.
• Compute the return on equity (ROE).
• Determine the quick ratio, assuming inventory is $1 million and current liabilities are $2 million.