For Tau Tech, the financial details are as follows:
•Revenue: $36 million
•Cost of Goods Sold: $20 million
•Operating Expenses: $7 million
•Net Income: $3.6 million
•Total Assets: $46 million
•Total Liabilities: $18 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $4.6 million and current assets are $9.2 million).