For the year ended March 31, 2024, the financial data for Toyota Motor Corporation is provided below:

• Revenue: $9,000,000
• Cost of goods sold: $5,000,000
• Gross profit: $4,000,000
• Operating expenses: $2,500,000
• Net income: $1,200,000
• Cash: $800,000
• Accounts receivable: $600,000
• Inventory: $400,000
• Property, plant, and equipment: $3,000,000
• Accumulated depreciation: $500,000
• Accounts payable: $600,000
• Common stock: $3,000,000
• Retained earnings: $1,000,000

Instructions:

• a) Prepare a detailed income statement for the year ended March 31, 2024.
• b) Prepare a balance sheet as of March 31, 2024.
• c) Calculate the gross profit margin.
• d) Determine the return on equity (ROE).
• e) Compute the net profit margin.