For Rho Corporation, the financial details are as follows:
•Revenue: $42 million
•Cost of Goods Sold: $23 million
•Operating Expenses: $8 million
•Net Income: $4.2 million
•Total Assets: $52 million
•Total Liabilities: $21 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $5.2 million and current assets are $10.4 million).