For Gamma Solutions, the financial details are as follows:
•Revenue: $50 million
•Cost of Goods Sold: $25 million
•Operating Expenses: $10 million
•Net Income: $5 million
•Total Assets: $40 million
•Total Liabilities: $20 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $5 million and current assets are $10 million).