Financial Ratios - Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc. has provided the following financial data for the fiscal year ended December 31, 2023:

• Total Assets: $1,500,000 million
• Total Liabilities: $1,000,000 million
• Net Income: $80,000 million
• Total Revenue: $300,000 million
• Total Expenses: $220,000 million
• Average Shareholders' Equity: $500,000 million

Calculate the following financial ratios for Goldman Sachs Group, Inc.:

a) Return on Assets (ROA) b) Return on Equity (ROE) c) Debt-to-Equity Ratio d) Gross Profit Margin e) Net Profit Margin

Interpret each ratio and discuss the financial performance of Goldman Sachs Group, Inc. based on these ratios.