Financial details for HealthCare Plus Ltd. are as follows:
oRevenue: $35 million
oCost of Goods Sold: $15 million
oOperating Expenses: $7 million
oNet Income: $6 million
oTotal Assets: $40 million
oTotal Liabilities: $12 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $4 million and current liabilities are $7 million.