Financial details for TechInnovators Corp. are as follows:
oRevenue: $50 million
oCost of Goods Sold: $25 million
oOperating Expenses: $10 million
oNet Income: $9 million
oTotal Assets: $65 million
oTotal Liabilities: $20 million
Requirements:
oCalculate the gross profit and net profit margins.
oCompute the return on equity (ROE).
oDetermine the quick ratio, assuming inventory is $6 million and current liabilities are $10 million.