Financial details for GreenTech Solutions Ltd. are as follows:
oRevenue: $22 million
oCost of Goods Sold: $9 million
oOperating Expenses: $6 million
oNet Income: $4.5 million
oTotal Assets: $30 million
oTotal Liabilities: $10 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $2.5 million and current liabilities are $5 million.