Ford Motor Company has provided the following data for its Automotive segment for the year ended December 31, 2023:

Income Statement

• Sales revenue: $90,000,000
• Cost of goods sold: $60,000,000
• Gross margin: $30,000,000
• Operating expenses:
  • Selling expenses: $10,000,000
  • Administrative expenses: $8,000,000
• Operating income: $12,000,000
• Nonoperating items:
  • Interest expense: $3,000,000
  • Gain on sale of assets: $1,000,000
• Net income: $10,000,000

Balance Sheet

• Assets:
  • Cash: $8,000,000
  • Accounts receivable: $6,000,000
  • Inventory: $10,000,000
  • Property, plant, and equipment: $40,000,000
• Total assets: $64,000,000
• Liabilities:
  • Accounts payable: $4,000,000
  • Short-term loans: $8,000,000
  • Long-term debt: $20,000,000
• Stockholders' equity: $32,000,000
• Total liabilities and stockholders' equity: $64,000,000

Requirements:

1. Calculate the gross profit margin.
2. Determine the operating profit margin.
3. Compute the return on assets (ROA).
4. Calculate the debt-to-equity ratio.
5. Find the quick ratio.