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Financial details for Logistics Corp. are as follows: oRevenue: $85 million oCost of Goods Sold: $40 million oOperating Expenses: $22 million oNet Income: $14 million
Financial details for Logistics Corp. are as follows:
oRevenue: $85 million
oCost of Goods Sold: $40 million
oOperating Expenses: $22 million
oNet Income: $14 million
oTotal Assets: $95 million
oTotal Liabilities: $35 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $8 million and current liabilities are $20 million.
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