For Epsilon Inc., the financial details are as follows:
•Revenue: $25 million
•Cost of Goods Sold: $14 million
•Operating Expenses: $6 million
•Net Income: $2.5 million
•Total Assets: $30 million
•Total Liabilities: $12 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $3 million and current assets are $6 million).