For Sigma Inc., the financial details are as follows:
•Revenue: $48 million
•Cost of Goods Sold: $26 million
•Operating Expenses: $9 million
•Net Income: $4.8 million
•Total Assets: $58 million
•Total Liabilities: $23 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $5.8 million and current assets are $11.6 million).