Ford Motor Company has reported the following financial data for its Automotive segment for the fiscal year ending December 31, Year 2.

Income Statement for Year Ended December 31, Year 2

• Revenue: $1,500,000
• Cost of goods sold: $900,000
• Gross profit: $600,000
• Operating expenses: $300,000
• Research and development expenses: $150,000
• Depreciation expense: $100,000
• Operating income: $50,000
• Interest expense: $70,000
• Other income: $20,000
• Net income: $0

Balance Sheet as of December 31, Year 2 Assets

• Cash: $600,000
• Accounts receivable: $580,000
• Inventory: $450,000
• Property, plant, and equipment (net): $1,100,000
• Other assets: $300,000
• Total assets: $3,030,000

Liabilities

• Accounts payable: $400,000
• Short-term debt: $350,000
• Long-term debt: $1,000,000
• Stockholders' equity: $1,280,000
• Total liabilities and stockholders' equity: $3,030,000

Required:

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