For Nu Solutions, the financial details are as follows:
•Revenue: $22 million
•Cost of Goods Sold: $13 million
•Operating Expenses: $5 million
•Net Income: $2.2 million
•Total Assets: $28 million
•Total Liabilities: $11 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $2.8 million and current assets are $5.6 million).