For Kappa Enterprises, the financial details are as follows:
•Revenue: $38 million
•Cost of Goods Sold: $21 million
•Operating Expenses: $7 million
•Net Income: $3.8 million
•Total Assets: $48 million
•Total Liabilities: $19 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $4.8 million and current assets are $9.6 million).