Gourmet Grocers Ltd. operates a chain of upscale grocery stores. In 2024, it had revenue of $20 million, cost of goods sold of $10 million, and operating expenses of $6 million. Total assets were $14 million, and total liabilities were $6 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.