For Zeta Tech, the financial details are as follows:
•Revenue: $40 million
•Cost of Goods Sold: $22 million
•Operating Expenses: $8 million
•Net Income: $4 million
•Total Assets: $50 million
•Total Liabilities: $25 million
•Requirements:
oCalculate the gross profit.
oDetermine the operating profit.
oCompute the return on assets (ROA) and the current ratio (assuming current liabilities are $6 million and current assets are $12 million).