Financial details for Hospitality Group Inc. are as follows:
oRevenue: $65 million
oCost of Goods Sold: $30 million
oOperating Expenses: $20 million
oNet Income: $10 million
oTotal Assets: $75 million
oTotal Liabilities: $25 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 $10 million.