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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
- 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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