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HealthFirst reported the following for the year 2023: Revenue: $45 million Cost of Goods Sold: $18 million Operating Expenses: $13 million Interest Expense: $500,000 Taxes:

  • HealthFirst reported the following for the year 2023:

Revenue: $45 million

Cost of Goods Sold: $18 million

Operating Expenses: $13 million

Interest Expense: $500,000

Taxes: $3 million

Total Assets: $32 million

Current Assets: $9 million

Current Liabilities: $4.5 million

Calculate the operating income.

Determine the net income.

Compute the quick ratio and the debt ratio.

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