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GHI Corporation has the following financial data: Revenue: $2,500,000 Cost of Goods Sold: $1,500,000 Operating Expenses: $600,000 Interest Expense: $100,000 Tax Rate: 25% Total Assets:
GHI Corporation has the following financial data:
- Revenue: $2,500,000
- Cost of Goods Sold: $1,500,000
- Operating Expenses: $600,000
- Interest Expense: $100,000
- Tax Rate: 25%
- Total Assets: $3,000,000
- Total Liabilities: $1,800,000
a) Prepare the Income Statement.
b) Calculate the Net Income.
c) Determine the Return on Assets (ROA).
d) Determine the Return on Equity (ROE).
e) Evaluate the company's financial performance based on the calculated metrics.
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