Financial details for Retail Giants Inc. are as follows:
oRevenue: $80 million
oCost of Goods Sold: $40 million
oOperating Expenses: $20 million
oNet Income: $12 million
oTotal Assets: $90 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 $15 million and current liabilities are $20 million.