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Financial details for SolarTech Ltd. are as follows: oRevenue: $15 million oCost of Goods Sold: $5 million oOperating Expenses: $4 million oNet Income: $3 million

  1. Financial details for SolarTech Ltd. are as follows:
    oRevenue: $15 million
    oCost of Goods Sold: $5 million
    oOperating Expenses: $4 million
    oNet Income: $3 million
    oTotal Assets: $18 million
    oTotal Liabilities: $6 million
    Requirements:
    oCalculate the gross profit and net profit margins.
    oCompute the return on equity (ROE).
    oDetermine the quick ratio, assuming inventory is $2 million and current liabilities are $4 million.

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