For Omicron Holdings, the financial details are as follows:
•Revenue: $18 million
•Cost of Goods Sold: $10 million
•Operating Expenses: $4 million
•Net Income: $1.8 million
•Total Assets: $24 million
•Total Liabilities: $9 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $2.4 million and current assets are $4.8 million).